On May 15, the United States Court of Appeals for the Fifth Circuit issued an opinion regarding the validity of a settlement agreement between BP and a man who sustained injuries as a result of the blast that caused Deepwater Horizon oil spill in 2010. BP had appealed the District Court's decision finding that the agreement was valid.
Last Thursday, a federal judge in New Orleans denied BP's request to limit its environmental penalties for the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Setting this fine is the final step in a civil case regarding the April 20, 2010 blowout of BP's Macondo subsea well, which caused the spill. Following the blowout, a sea-floor oil gusher flowed for eighty-seven days. The Deepwater Horizon oil spill is considered the largest accidental marine oil spill in the history of the petroleum industry.
The deadline for lawyers on both sides of a proposed settlement designed to resolve billions of dollars in economic damage claims arising out of the April 2010 Deepwater Horizon oil spill in the Gulf of Mexico has been extended by Federal Judge Carl Barbier. BP and lawyers representing the victims of the oil spill (estimated to be over 100,000 individuals and businesses) were to have submitted the formal terms of the settlement to the US District Judge sitting in New Orleans. But the parties requested additional time and Judge Barbier extended the deadline to Wednesday morning so the parties could finish compiling supporting documentation and exhibits.