Category: BP News & Updates

ERG Law Firm: Second Federal Appeals Court Affirms BP Settlement Program

ERG Law Firm: Second Federal Appeals Court Affirms BP Settlement Program

March 4, 2014 | By

Orlando, FL – (March 4, 2014) — The Fifth Circuit U.S. Court of Appeals in Louisiana late yesterday ruled against BP in its bid to try and stop or severely change the terms of the Deepwater Horizon Court-supervised Settlement Program.  The Appeals panel agreed by a 2-1 vote in support of presiding Federal Court Judge Carl […]

Continue Reading

ERG Law Firm: BP’s Latest Tactics Spur Legal Pushback

ERG Law Firm: BP’s Latest Tactics Spur Legal Pushback

February 10, 2014 | By

The flurry of motions has continued this week in the back-and-forth that is the Deepwater Horizon Settlement Program. BP is being called out on its tactics in a new motion to hold BP in contempt of Court by a new filing on January 31st. The new motion before the District Court alleges that BP disclosed […]

Continue Reading

ERG Law Firm: BP’s U.S. Gulf oil spill settlement challenges may backfire

ERG Law Firm: BP’s U.S. Gulf oil spill settlement challenges may backfire

February 10, 2014 | By

(Reuters) – A year after agreeing to a multi-billion dollar settlement with victims of the 2010 Gulf oil spill, BP is aggressively challenging terms of the deal in a legal strategy that could backfire with the judge who will rule on the company’s potentially hefty federal fines. The British oil giant has pushed for multiple reviews […]

Continue Reading

ERG Law Firm: BP Oil-Spill Settlement Approval Upheld by Appeals Court (1/14/14)

ERG Law Firm: BP Oil-Spill Settlement Approval Upheld by Appeals Court (1/14/14)

February 10, 2014 | By

Bloomberg-Approval of BP Plc (BP/)’s $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill was upheld by a U.S. appeals court. Objectors said the settlement was unfair and couldn’t be approved because it inconsistently compensated victims with the same types of economic injuries. London-based BP asked the court to […]

Continue Reading

ERG Law Firm: While Settlement Framework is Solid, Appeals Court Asks Presiding Judge to Broaden Policy Review (12/3/13)

ERG Law Firm: While Settlement Framework is Solid, Appeals Court Asks Presiding Judge to Broaden Policy Review (12/3/13)

December 4, 2013 | By

The 5th Circuit Court of Appeals issued a clarifying Order yesterday, directing Judge Barbier to broaden his review on remand to include the “causation” provision of the BP Settlement Agreement as he considers what “policy changes”, if any, should be made to the Settlement Program. The appellate court ruling essentially states that the District Court […]

Continue Reading

ERG Law Firm: BP Presses On; Federal Judge Hammers Down (11/26/13)

ERG Law Firm: BP Presses On; Federal Judge Hammers Down (11/26/13)

December 4, 2013 | By

U.S. District Judge Carl Barbier issued what some may call a harshly worded opinion late afternoon Friday, stating that BP went back on their initial word in its new demand that businesses must show proof that their economic losses were directly related to the 2010 oil spill on a claim by claim basis. “To the […]

Continue Reading

ERG Law Firm: BP’s Misguided PR Campaign (11/11/13)

ERG Law Firm: BP’s Misguided PR Campaign (11/11/13)

November 20, 2013 | By

Most big corporations will face a PR challenge at one point or another during their lifetime. Accidents are bound to happen and mistakes will inevitably be made. So, how did BP do with its 2010 oil spill crisis? Not so good, according to experts. From the start, BP CEO at the time, Tony Heyward, stumbled […]

Continue Reading

ERG Law Firm: Tampa Bay Has Endured Two Oil Spills In Past 20 Years (10/30/13)

ERG Law Firm: Tampa Bay Has Endured Two Oil Spills In Past 20 Years (10/30/13)

November 3, 2013 | By

The 2010 BP oil spill economically and financially affected each and every county bordering the Gulf of Mexico. The oil spill was of massive proportions; an estimated 4.9 million barrels of oil spewed into the Gulf, and gained massive media attention. In fact, BP has remained in the spotlight as it has made its way […]

Continue Reading

ERG Law Firm: Phase II of BP Oil Spill Trial Ends; Massive Tar Mat Found in Gulf (10/21/13)

ERG Law Firm: Phase II of BP Oil Spill Trial Ends; Massive Tar Mat Found in Gulf (10/21/13)

October 21, 2013 | By

Friday marked the closing of phase II of BP’s trial to determine how much oil leaked into the Gulf after the 2010 oil spill, and the fine BP will face under the Clean Water Act. While government officials estimate 176 million gallons spewed from the Macondo well, BP attorneys have urged U.S. District Court Judge […]

Continue Reading

ERG Law Firm: What the Appeals Ruling Means to BP Claimants (10/17/13)

ERG Law Firm: What the Appeals Ruling Means to BP Claimants (10/17/13)

October 18, 2013 | By

The 5th Circuit Court of Appeals issued a ruling on October 3rd on BP’s appeal regarding how certain types of accounting principles apply when utilizing the Settlement Program’s economic formulas for computing the “amount” of a client’s claim for losses. Simply put, the 5th Circuit’s Order rules that Judge Barbier, the Claims Administrator, Plaintiffs’ counsel, […]

Continue Reading