BP, Transocean, Halliburton and other defendants in hundreds of lawsuits brought in the wake of the largest offshore oil spill in U.S. history must litigate those suits in Federal court in Louisiana, the Judicial Panel on Multidistrict Litigation has decided. Multidistrict litigation is a special federal procedural means of handling a multitude of separate cases which share one or more common factual issues, but are pending in different districts. The process is intended to streamline the discovery of evidence, resolve common issues of fact, avoid duplication of effort, and prevent inconsistent judicial rulings. Once pretrial proceedings are concluded, the separate… Read more
Tag: Gulf Oil Spill
Predicted Reach of Gulf Oil Spill
Last Friday, the National Oceanic and Atmospheric Administration (“NOAA”) released a map depicting the likelihood that surface oil from the Deepwater Horizon/BP oil spill will impact additional U.S. coastline, based on modeling of historical wind and ocean currents.
BP to Fund $20bn Gulf of Mexico Oil Spill Payout
Breaking News. BBC News reports that BP will be placing $20 billion in a compensation fund for victims of the Gulf oil spill and BP chairman Carl-Henric Svanberg said dividends would not be paid to shareholders for the rest of this year. For more information, and the complete BBC story, please visit: http://news.bbc.co.uk/2/hi/world/us_and_canada/10335114.stm