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In Re: BP plc Securities Litigation

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Case overview

Case Number:

4:10-md-02185

Court:

Texas Southern

Nature of Suit:

850(Securities/Commodities)

Multi Party Litigation:

Class Action, Derivative Litigation, Multi-district Litigation

Judge:

Judge Keith P Ellison

Firms

Companies

Government Agencies

Sectors & Industries:

  1. September 19, 2018

    Some Claims In BP Deepwater Suits Time-Barred, Judge Says

    A Texas federal judge on Tuesday dismissed some claims against BP PLC from more than a dozen of the investor suits in multidistrict litigation related to the 2010 Deepwater Horizon spill, finding that a 2017 U.S. Supreme Court ruling clarified that certain claims based on company statements from before the spill are time-barred.

  2. February 20, 2018

    BP Says Some Claims In Deepwater Suits Are Time-Barred

    BP PLC has asked a Texas federal court to dismiss claims from two-thirds of the investor suits in multidistrict litigation related to the 2010 Deepwater Horizon spill, arguing that a recent U.S. Supreme Court case made clear that some claims based on company statements from before the spill should be barred by the statute of repose.

  3. January 22, 2018

    BP Exec's Interview Still Fair Game In Deepwater Horizon MDL

    A Texas federal judge declined on Friday to reconsider his decision to allow some investors in a suit against BP PLC over the Deepwater Horizon oil spill to proceed with claims based on the then-company president's statements in a company magazine.

  4. July 31, 2017

    Investors Want Ex-BP Exec's Statement Kept In Oil Spill MDL

    Investors pursuing multidistrict litigation related to the Deepwater Horizon oil spill told a Texas federal court Friday it shouldn’t throw out a former BP executive’s statement about the status of a fiber optic project in the Gulf of Mexico, arguing efforts to get the statement tossed should have been made earlier.

  5. July 18, 2017

    Ex-BP Exec Seeks Redo On Investor Claims In Oil Spill MDL

    A former BP executive on Monday asked a Texas federal judge presiding over multidistrict litigation related to the Deepwater Horizon oil spill to rethink his decision allowing investors to proceed with claims based on a 2007 statement the executive made about the status of a fiber-optic network project in the Gulf of Mexico.

  6. July 13, 2017

    Judge Greenlights Some BP Investor Holder Claims In MDL

    A Texas federal judge has allowed a small number of institutional investors to move forward in their efforts to recover an expanded scope of damages under English common law in multidistrict litigation against BP Plc related to the Deepwater Horizon oil spill, according to an order unsealed Thursday.

  7. February 14, 2017

    Judge OKs $24M In Atty Fees For $175M BP Deepwater Deal

    A Texas federal judge on Monday gave final approval to a $175 million settlement for a class of investors who reached a deal with BP PLC after accusing it of downplaying the magnitude of the Deepwater Horizon oil spill, awarding $24 million in fees and costs to attorneys representing the class.

  8. January 10, 2017

    BP Investor Attys Seek $24M From $175M Deepwater Deal

    Lead counsel for a class of investors that reached a $175 million deal with BP PLC after accusing it of downplaying the magnitude of the Deepwater Horizon oil spill in the weeks following the 2010 blowout asked a Texas federal court Monday to award $20 million in attorneys' fees and $4 million in legal costs.

  9. November 07, 2016

    $175M BP Deal Gets Judge's OK With Opt-Out Method Intact

    A Texas federal judge preliminarily approved a $175 million settlement between BP PLC and a class of investors alleging the company downplayed the magnitude of the Deepwater Horizon oil spill in the weeks following the blowout, rejecting a bid by 135 institutional investors to modify the settlement opt-out procedures.

  10. October 04, 2016

    BP Says Investors Must Follow $175M Deal's Opt-Out Rules

    BP PLC told a Texas federal court Monday that investors in securities lawsuits arising from the deadly 2010 Deepwater Horizon drilling platform explosion should not get a special allowance to skip proper procedures for opting out of the oil giant's $175 million class settlement.