Louisiana Wants Separate Trial On $1B In Deepwater Claims

Law360, New York (October 25, 2012, 7:01 PM EDT) -- Louisiana on Thursday asked the federal judge handling multidistrict litigation over the Deepwater Horizon oil spill to hold a separate trial on the state’s $1 billion in economic loss claims against BP PLC.

Louisiana Attorney General Buddy Caldwell said in court documents that the state was entitled to a jury trial focusing on alleged losses related to income and franchise tax, mineral royalties and severance tax, sale tax, and oil and gas revenues.

U.S. District Judge Carl Barbier has scheduled a January trial on claims by...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.