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.



 

RELEVANT JOBS

Family Law Attorney

USA-CO-Denver

What does an Attorney do at MFL? Perform consultations with potential clients and retain them ...

Apply now

Associate Attorney

USA-CA-Newport Beach

Smith Smith & Feeley LLP is an AV-rated law firm located in Newport Beach, California, with a specia...

Apply now

Family Law Attorney

USA-CA-San Jose

Why we think we’re the best… Here are some highlights of our amazing culture, perks, ...

Apply now

Immigration Attorney

USA-LA-New Orleans

  Maria Cordero --   A Law firm in Gretna, LA is looking for an Immigration at...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Corporate Associate Attorney

USA-CA-Napa

Napa office of a BCG Attorney Search Top Ranked Law Firm seeks a mid-level corporate associate attor...

Apply Now

Liability Defense Attorney

USA-FL-Fort Lauderdale

Ft. Lauderdale office of our client seeks liability defense attorney with 3+ years of insurance defe...

Apply Now

Litigation Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate attorne...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top