The judge presiding over the BP Plc spill trial aimed at determining liability for the biggest offshore oil spill in U.S. history rejected an attempt to halt some settlement payments tied to the 2010 environmental catastrophe in a ruling in New Orleans federal court.
Cameron International Corp. won dismissal from all claims arising from BP Plc’s 2010 Gulf of Mexico oil spill after a judge said there was no evidence showing the company was at fault for the disaster.
BP Plc , the owner of a Gulf of Mexico well that caused a record oil spill, is replacing Anne Womack Kolton as head of U.S. media relations two months after she was appointed, two people familiar with the decision said.
BP Plc, Transocean Ltd. and Halliburton Co. must convince a federal judge that mistakes that led to the 2010 Gulf of Mexico oil spill don’t amount to gross negligence if they are to avoid billions of dollars in damages for the largest offshore oil spill in U.S. history.
Analysts predict Goldman Sachs Group Inc. will pay $1 billion or more to settle a Securities and Exchange Commission fraud suit that triggered a 26 percent drop in the firm’s stock, Bloomberg News’s Jesse Westbrook and David Scheer report. Extracting such a record-setting penalty may be easier said than done.