Shunning Settlement, BP Bets Trial Can Curb Deepwater Costs

Law360, New York (February 21, 2013, 7:49 PM EST) -- BP PLC’s rejection of settlement offers from the Justice Department in litigation over the Deepwater Horizon oil spill shows the company is convinced it can reduce its biggest liabilities from the disaster by heading to trial next week.

Civil trial on federal, state and local government claims stemming from the oil spill is scheduled to begin Monday in the New Orleans-based Eastern District of Louisiana federal court before U.S. District Judge Carl Barbier. Facing tens of billions of dollars in potential penalties, BP recently criticized the...
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