December 2014 Archives
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December 2014 Archives

The year in business: BP found 'grossly negligent' in oil spill, loses settlement appeal

The litigation surrounding the 2010 Gulf of Mexico continued this year as BP worked to overturn its massive oil spill claims settlement on one front and to convince the courts it was not entirely to blame for the disaster on another.

Briefs Urge Supreme Court to Ditch BP Appeal

NEW ORLEANS -- Local chambers of commerce rebelled against their parent organization and a maligned claims administrator stood up for himself in new briefs filed with the U.S. Supreme Court in the BP oil spill case.

Ouch! BP Should Have Been More Careful For What It Wished For

In the latest slap to BP's (NYSE:BP ) face, the audit has been made public of the very process for business economic loss claims BP has been fighting. I've written extensively about BP's unfunded and unexpensed billions of dollars of business economic loss claims that still dangle dangerously over the company. BP and its defenders have screamed and called foul, claimed fraud, claimed a biased unfair legal system, claimed miscalculations, you name it. BP even tried to get the very claims administrator it appointed thrown out.

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