BP Plc, with billions of dollars at stake, seeks to lower payments from its partial Gulf of Mexico oil spill settlement by persuading a federal appeals court to order stricter standards for evaluating claims.
The U.S. Supreme Court is raising the stakes in the same-sex marriage debate as it considers taking up the issue for the first time, testing momentum built by advocates through electoral wins in four states this month.
The U.S. Supreme Court will consider gay marriage for the first time, accepting appeals on a California ballot measure banning the practice and a federal law defining marriage as solely an opposite-sex union.
Argentina’s claim that a U.S. court can’t tie its obligation to make defaulted bondholders whole to payments on restructured debt faced skepticism from judges as a lawyer for the country said it won’t obey orders to pay as much as $1.3 billion of defaulted sovereign debt.
Virginia’s ban on gay marriage was ruled unconstitutional by a federal judge who said it violated the equal-protection rights of the state’s residents including couples married legally in other states.