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BP acted recklessly in 2010 oil spill, judge says

Wednesday, 03 September 2014 06:20
NEW ORLEANS — BP bears the majority of responsibility among the companies involved in the nation's worst offshore oil spill, a federal judge ruled Thursday, citing the energy giant's reckless conduct in a ruling that exposes the company to billions of dollars in penalties. BP PLC already has agreed to pay billions of dollars in criminal fines and compensation to people and businesses affected by the disaster.
Judge rules on BP's culpability in massive Gulf oil spill
Wednesday, 03 September 2014 05:40
Last Updated Sep 4, 2014 11:38 AM EDT NEW ORLEANS --BP bears the majority of responsibility among the companies involved in the nation's worst offshore oil spill, a federal judge ruled Thursday, citing the energy giant's reckless conduct in a ruling that exposes the company to billions of dollars in penalties. PlayVideoNewsmakers
BP Found Grossly Negligent in 2010 Spill; Fines May Rise
Wednesday, 03 September 2014 05:40
Oil spill ruling knocks BP shares to worst one-day loss since 2010
Wednesday, 03 September 2014 05:23
LONDON (Reuters) - BP (BP.L) shares were set for their worst one-day fall on Thursday since June 2010 after a judge in the United States said the oil major had been negligent in events leading up to the 2010 oil spill in the Gulf of Mexico. BP was down by 6 percent at 454.35 pence going into the close of trading in London, making the stock the worst-performer on Britain's benchmark FTSE 100 index (.FTSE).
Judge: BP's Reckless Conduct Caused Gulf Oil Spill
Wednesday, 03 September 2014 05:09
BP bears the majority of responsibility among the companies involved in the nation's worst offshore oil spill, a federal judge ruled Thursday, citing the energy giant's reckless conduct in a ruling that exposes the company to billions of dollars in penalties. BP PLC already has agreed to pay billions of dollars in criminal fines and compensation to people and businesses affected by the disaster.
BP Acted With Gross Negligence In Gulf Oil Spill, Federal Judge Rules
Wednesday, 03 September 2014 05:08
In a long-awaited ruling, a federal judge on Thursday said BP acted with gross negligence in relation to the 2010 Deepwater Horizon oil rig explosion and consequent oil spill. The decision could cost the British oil giant billions of dollars. Bloomberg reports: "U.S. District Judge Carl Barbier held a trial without a jury over who was at fault for the environmental catastrophe, which killed 11 people and spewed oil for almost three months into waters…
BP shares hit by report of adverse ruling on 2010 oil spill
Wednesday, 03 September 2014 04:43
LONDON (Reuters) - Shares in BP fell sharply on Thursday after a judge in the United States said the oil major had been negligent in events leading up to the 2010 oil spill in the Gulf of Mexico. BP shares were down by 4.4 percent at 462.45 pence by 1435 GMT (1535 BST). BP declined to comment on the report.
Why BP (BP) Stock Is Higher Today
Tuesday, 02 September 2014 02:13
NEW YORK (TheStreet) -- Shares of BP (BP) are up 1.33% to $47.83 inn pre-market trade after it was reported that the oil and gas company has tried to remove the administrator of compensation payments under its settlement for the 2010 Deepwater Horizon disaster, accusing him of a "clear-cut conflict of interest" that he had failed to disclose fully, the Financial Times reports.
Gulf of Mexico Oil Spill: BP Asks Court to Sack Claims Administrator Patrick Juneau
Tuesday, 02 September 2014 00:21
Gulf of Mexico Oil Spill: BP asks court to sack claims administrator Patrick Juneau.Reuters BP has asked a US court to sack court-appointed settlement administrator Patrick Juneau for failing to disclose a conflict of interest before taking up the job of handling damage claims from the 2010 Gulf of Mexico oil spill.
Halliburton agrees to tentative Gulf oil spill settlement - Judges recommend $1.4B fine for PG&E for pipeline explosion
Monday, 01 September 2014 18:23
April 21, 2010: Fire boat response crews battle the blazing remnants of the offshore oil rig Deepwater Horizon, off Louisiana.Reuters NEW ORLEANS – Halliburton's agreement to pay more than $1 billion to settle numerous claims involving the 2010 BP Gulf of Mexico oil spill could be a way for the company and victims of the spill to avoid years of costly litigation -- if all the pieces fall into place.
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