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Tag Archives: gross negligence

BP ruling raises liability stakes for high-risk industries

Mica Rosenberg | Reuters NEW YORK – A U.S. court ruling that dramatically ramped up BP Plc’s potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power generation. U.S. District Judge Carl Barbier in New Orleans, Louisiana, on Thursday found that ...

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Gulf of Mexico residents hail ruling against BP

Michael Kunzelman and Janet McConnaughey | The Associated Press NEW ORLEANS — Environmentalists, recreational fishermen and people who make their living on the Gulf of Mexico are hailing a federal judge’s ruling that could mean $18 billion in additional fines for BP over the nation’s worst offshore oil spill. Lisa Smith cheered and gave an emphatic “yes” Thursday afternoon when ...

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BP announces immediate appeal of gross negligence ruling

Marissa Hall | Shale Plays Media BP has published a press release stating the company’s official stance on the verdict issued by the United States District Court for the Eastern District of Louisiana. The statement voices BP’s strong disagreement with the decision, which found it guilty of gross negligence during the events of the Deepwater Horizon disaster in 2010. The ...

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