September 19, 2018
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.
February 20, 2018
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.
January 22, 2018
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.
July 31, 2017
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.
July 18, 2017
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.
July 13, 2017
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.
February 14, 2017
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.
January 10, 2017
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.
November 07, 2016
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.
October 04, 2016
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.