Settlement process could delay BP trial
The complex nature of the task ahead means a new date in the New Orleans court is likely to be months away
BP is due to face multi-district litigation in a civil trial in New Orleans commencing January 14 2013 to resolve damages and apportion blame for the Deepwater Horizon disaster of April 2010
A New Orleans court sets a date of January 14 2013 for the trial over civil damages arising from the 2010 Deepwater Horizon disaster in the Gulf of Mexico
The judge did not rule on the group’s argument that the trial on remaining actions should be delayed until after approval had been given to the deal
Charges do not touch on the question of responsibility for the disaster, which could be brought against employees or the company itself
Setting an early date would increase the pressure on BP and the other defendants to agree to settlements of the claims against them
UK oil group still faces damages and penalties sought by the US after the $7.8bn deal to compensate people and businesses hurt by the spill
The complex nature of the task ahead means a new date in the New Orleans court is likely to be months away
UK oil group still faces damages and penalties sought by the US after the $7.8bn deal to compensate people and businesses hurt by the spill
With oil prices in three figures again, the supermajor can afford to appear more than generous to everyone involved
With negotiations under way, focus has turned to the size of the potential penalty BP faces
The Deepwater Horizon disaster in 2010 caused the world’s largest offshore oil spill. It has also led to a mammoth legal action, as tens of thousands of plaintiffs – and the US government – fight for compensation, writes Ed Crooks
A deal with the private sector plaintiffs would be a big step forward for BP
The largest and most complex litigation the US has seen for more than a decade may see possible pre-trial settlements
If BP can persuade prosecutors that the accident had multiple causes by multiple parties, it could avoid a charge of gross negligence