May 27, 2014
The Fifth Circuit on Tuesday rejected BP PLC's request to keep in place a stay suspending payments from its estimated $9.2 billion Deepwater Horizon settlement until after the U.S. Supreme Court has considered its bid challenging awards to claimants without proof of damages directly tied to the oil spill.
January 21, 2014
BP PLC on Tuesday urged the Fifth Circuit to reconsider its ruling affirming a decision approving the energy giant's multibillion-dollar settlement of claims for lost business tied to the Deepwater Horizon disaster, arguing the appellate court's opinion directly conflicts with precedent governing Rule 23 class certification.
January 13, 2014
The Fifth Circuit's refusal Friday to disturb BP PLC's multibillion-dollar settlement of claims for lost business tied to the Deepwater Horizon disaster deals a mortal blow to the energy giant's bid to block disputed spill payments and underscores the judiciary's reluctance to rescue BP from a deal they agreed to, experts say.
January 10, 2014
The Fifth Circuit on Friday upheld a district court's order and judgment approving BP PLC's multibillion-dollar settlement of claims for lost business tied to the Deepwater Horizon disaster, saying a lower court judge didn't need to determine whether some eligible class members lacked an injury caused by the spill.
October 18, 2013
A district court's order and judgment approving a multibillion-dollar settlement of claims for lost business tied to the Deepwater Horizon disaster should be affirmed, members of the economic and property damages settlement class told the Fifth Circuit in a letter on Friday.
October 15, 2013
BP PLC told the Fifth Circuit on Friday that a multibillion-dollar settlement of claims for lost business tied to the Deepwater Horizon disaster is invalid unless the federal court overseeing the deal revamps its payout eligibility formulas.