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October 2013 Archives
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October 2013 Archives

BP oil spill case could mean millions for Manatee County's environmental conservation

MANATEE -- Pending the ruling from the BP Deepwater Horizon oil spill case, Manatee County will submit plans to spend any restitution funds it may receive to restore and conserve the habitat and water quality.

BP knew 2010 U.S. Gulf spill was risk, lawyers tell trial

NEW ORLEANS (Reuters) - Long before the oil spill in the Gulf of Mexico in 2010, BP knew its Macondo well could explode and then lied about how much oil leaked, plaintiffs' lawyers said at the opening of the second phase of the company's trial on Monday.

Recent 5th Circuit Opinion - What does it mean?

The 5th Circuit Court of Appeal issued a ruling last week on the appeal that was argued on July 7th regarding how certain types of accounting principles apply when computing the "amount" of a client's claim for losses.

The simple preliminary summary of the 5th Circuit's Order is that Judge Barbier, will need to revisit and determine the proper accounting methodologies to be utilized when applying the formulas of the Settlement Program to certain business economic loss (BEL) claims moving forward. For now, the Claims Administrator will not be paying BEL claims until that resolution is reached for the classes of BEL claims covered by the Order. It is important to understand that this appeal only dealt with how certain BEL claim "amounts" are calculated. The 5th Circuit's ruling in no way changes who qualifies and how causation is determined. Right now, the only thing in flux is possibly changing how we calculate the amount of a client's claim. We will need to see over the next few weeks or months what guidance the Program and Court gives us. You're likely to get calls from clients and other attorneys and professionals about the meaning of the Order. The simple answer is: it does not impact who is entitled to file claims and it does not affect how causation is determined. The Program remains intact and operational under the Program's terms. In fact, the only thing that has temporarily stopped is the payment of certain BEL claims as the District Court re-evaluates the accounting methodology used for those claims that are impacted by the Order.

BP executive: Engineers didn't have equipment needed to cap blown-out well before Gulf spill

BP could have ended its massive oil spill in the Gulf of Mexico sooner if it had built a capping stack before the 2010 blowout of its well off the coast of Louisiana, a company executive said under cross-examination Wednesday at a trial over the deadly disaster.

At trial, BP denies dithering during response to U.S. Gulf spill

(Reuters) - Dithering and indecision at BP Plc delayed the capping of its Macondo well and worsened the extent of the 2010 Gulf of Mexico oil spill, according to allegations by plaintiffs' lawyers at trial on Tuesday that the British company denied.

BP lied about size of U.S. Gulf oil spill, lawyers tell trial

(Reuters) - In the frantic days after the 2010 Gulf of Mexico oil spill, BP lied about how much oil was leaking from its Macondo well and took too long to cap it, plaintiffs' lawyers said on Monday at the opening of the second phase of the company's trial.

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