BP Loses Bid For Further Oversight Of Deepwater Claims

Law360, Washington (March 11, 2014, 8:35 PM EDT) -- The Louisiana federal judge overseeing the sprawling Deepwater Horizon multidistrict litigation on Tuesday denied BP PLC’s bid for additional oversight of the claims center overseeing an estimated $9.2 billion settlement, despite the company’s argument that a report into alleged misconduct at the center was insufficient.

In a concise order that did not list his reasoning, U.S. District Judge Carl J. Barbier rejected BP’s call to adopt several recommendations that it had claimed would serve as a “necessary starting point” to ensure the integrity of the court-supervised...
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.