Feds Not Backing Down From High-Stakes Deepwater Claims

Law360, New York (September 5, 2012, 8:56 PM EDT) -- The federal government’s aggressive pursuit of gross negligence claims against BP PLC in multidistrict litigation over the Deepwater Horizon oil spill dims settlement prospects and signals the U.S. is readying for trial to seek penalties that could top $30 billion, experts say.

Responding to what they called misleading statements in BP’s recent court papers regarding liability and natural resource damage, U.S. Department of Justice lawyers vowed in a filing Friday to prove at trial that the oil major acted with gross negligence and willful misconduct leading...
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