Ellen Moskowitz News
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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.
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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.
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Morgan Stanley can’t ask a court in Singapore to block shareholders living in that country from suing over their losses on $154.7 million in synthetic collateralized debt obligations, a judge in New York ruled.
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The U.S. dropped the biggest prosecution of individuals accused of foreign bribery after two trials in the case ended with three acquittals and seven mistrials.
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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.
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BP Plc persuaded a judge to bar the introduction of evidence of previous accidents involving the oil company from this month’s trial over fault for the 2010 Gulf of Mexico blast and oil spill.
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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.
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BP Plc won’t face damages claims over the 2010 Gulf of Mexico oil spill brought by recreational users, company-branded gas station owners and businesses alleging loss of reputation, a judge ruled.
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Three BP Plc executives’ refusal to testify about the 2010 Gulf of Mexico disaster should be held against the company at a multibillion-dollar trial over liability for the worst offshore oil spill in U.S. history, prosecutors said.
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Buddy Trahan, a Transocean Ltd. rig supervisor who barely survived the BP Plc Deepwater Horizon rig disaster, asked a federal judge to free his stalled personal- injury lawsuit from the oil-spill litigation set for trial in New Orleans on Feb. 27.
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