BP Plc investors claiming as much as $2.5 billion in market losses caused by company misrepresentations about the severity of the 2010 oil spill will make their case to a jury next May 18, a judge ruled today.
BP Plc and Anadarko Petroleum Corp. could face billions of dollars in fines after an appeals court ruled they were automatically liable for pollution-law violations as co-owners of the well that blew out and started the 2010 Gulf of Mexico oil spill.
The U.S. Defense Department demanded WikiLeaks return secret military reports from Afghanistan leaked to the website and purge all copies from their records, including tens of thousands of reports already publicly posted.
BP Plc faces billions of dollars in additional payments after failing again to convince an appeals court that the company is being forced to pay claims that aren’t directly related to the 2010 Gulf of Mexico oil spill.
Flaws in safety equipment and procedures used on Gulf of Mexico rigs persist four years after 11 workers died in an explosion aboard the Deepwater Horizon that led to the largest offshore oil spill in U.S. history.