BP Plc’s lawsuit challenging some payments under the $8.5 billion Gulf of Mexico oil-spill settlement should be thrown out because the company is seeking to change fixed terms in the agreement, spill victims said.
BP Plc and plaintiffs suing over the 2010 Gulf of Mexico oil spill are discussing a $14 billion accord that would be funded with money originally set aside by the company for out-of-court settlements, according to three people familiar with the talks.
BP Plc and lawyers for businesses and individuals suing over the 2010 Gulf of Mexico oil spill are near a $14 billion accord to be funded with money set aside for out-of-court settlements, according to three people familiar with the talks.
Halliburton Co. said BP Plc’s proposed settlement with victims of the 2010 Gulf of Mexico spill unfairly creates a “collusive alliance” against the oil field services company in a scheduled multibillion-dollar trial.
BP Plc’s multibillion-dollar deal to settle private economic damage claims from the 2010 Gulf of Mexico oil spill should let victims who agreed not to sue in exchange for early payments participate in the new settlement, Mississippi Attorney General Jim Hood said in a court filing.