May 21, 2014
BP PLC is taking its estimated $9.2 billion settlement challenge all the way to the U.S. Supreme Court, pledging Wednesday to formally ask the justices to overturn a Fifth Circuit decision upholding a deal that allows some payments without proof of damages from the Deepwater Horizon spill.
March 18, 2014
BP PLC asked the Fifth Circuit on Monday to overturn an appeals panel's finding that the oil giant's estimated $9.2 billion settlement allows some payments without proof of damages from the Deepwater Horizon spill, claiming that plaintiffs lawyers and dishonest claimants are raiding the company's coffers.
March 03, 2014
A divided Fifth Circuit on Monday denied BP PLC's bid to block businesses that can't trace their losses to the 2010 Deepwater Horizon disaster from recovering money under its $9.2 billion settlement with victims of the spill, ruling the settlement doesn't require claimants to submit evidence of causation.
January 03, 2014
The Fifth Circuit on Thursday agreed to fast-track review of BP PLC's claim that the judge overseeing the Deepwater Horizon multidistrict litigation ignored court orders to examine how the claims administrator for BP's $9.2 billion settlement with property owners determines if economic losses were directly caused by the disaster.
October 02, 2013
BP Exploration & Production Inc. scored a victory in its long-running dispute over suits stemming from the 2010 Deepwater oil spill when the Fifth Circuit ruled Wednesday that a district judge's interpretation of settlement terms could be resulting in the payout of fictitious claims.