Legal News

BP Ramps Up its Legal Horse Power as it Files a Lawsuit Against EPA
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

BP is increasingly adding more lawyers to defend and protect its company. Since the oil spill that cost it billions, the EPA has suspended the company from receiving new federal contracts. Its existing contracts that are valuated at $1.3 billion are not affected. BP is claiming that while it has settled and has tried to make amends for its mistakes in the 2010 disaster that left beaches and atolls black and stinking of raw crude oil, the EPA and federal government are punishing it unfairly. SO BP will legally combat it, according to BusinessWeek.

The 2010 blowout killed 11 oilrig workers and let millions of barrels of oil into the Gulf of Mexico. BP has sold $40 billion in assets and has spent some $25 billion to cleanup and pay damages. Last year BP attempted to negotiate a settlement over the impact of the gulf states that would have been worth another $16 billion dollars, but the plan failed as Louisiana, one of the states most heavily affected, wanted more than that amount for its settlement. BP then agreed to pay $4 billion in penalties in a federal criminal plea bargain, and the company came to a separate multi-billion dollar settlement with another group of plaintiffs in 2012, according to businessweek.com

  
What
Where


At this point, the Justice Department is seeking another $17.5 billion in additional damages, and BP is countering. Its attempts at negotiation have failed and now it sues the EPA.  This will most likely prove to be a lengthy and expensive case.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Associate Attorney

USA-MD-Baltimore

Baltimore office of our client seeks mid-level litigation associate attorney with 3+ years of experi...

Apply Now

Litigation Associate Attorney

USA-SC-Columbia

Columbia office is seeking a commercial litigation attorney with 2-4 years of experience.

Apply Now

Junior Employment Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking an attorney with 2-3 years of employment litigation, class action or...

Apply Now

Estate Planning Associate Attorney

USA-CO-Longmont

Longmont office of our client seeks associate attorney with estate planning, elder law, probate expe...

Apply Now

RELEVANT JOBS

Paralegal / Legal Assistant

USA-FL-Lakeland

Hardin & Ball, P.A. represents individuals and businesses in matters of real estate, constructi...

Apply now

Healthcare Associate

USA-CA-San Francisco

Kessenick Gamma & Free, LLP, a boutique healthcare firm in San Francisco, is seeking an associate wi...

Apply now

Litigation Attorney

USA-NJ-Cherry Hill

SHIMBERG & FRIEL, P.C., a Cherry Hill defense litigation firm with regional practice, seeks FT assoc...

Apply now

Attorney

USA-WA-Seattle

We are looking for a motivated attorney with the ability to think creatively about real estate and c...

Apply now

SEARCH IN ARCHIVE

To Top