A federal bankruptcy court judge in Manhattan granted a request by Sabine Oil & Gas Corp. and its subsidiaries to modify the amount of some claims by its creditors, and agreed to disallow and expunge other claims, including duplicates and those with insufficient documentation.
Articles from Claims
The Plaintiffs' Steering Committee (PSC), which is spearheading litigation resulting from the Macondo oil spill in 2010, has reached a preliminary agreement with Deepwater Horizon rig owner Transocean Ltd. to settle claims arising from the accident.
The Plaintiffs’ Steering Committee (PSC), which is spearheading litigation resulting from the Macondo oil spill in 2010, has reached a preliminary agreement with Deepwater Horizon rig owner Transocean Ltd. to settle claims arising from the accident.
BP plc is attempting to oust the controversial court-appointed claims administrator of the Macondo oil spill program.
The U.S. Supreme Court has been asked by BP plc to review a mandate that would require the producer to continue paying Macondo-related oil spill settlement claims regardless of whether the original agreement is determined to be fair.
BP plc could appeal to the U.S. Supreme Court after a federal appeals court on Monday rejected a bid in an 8-5 decision that would have allowed the oil major to prevent compensation payments to businesses that had not proved they were harmed directly by the Macondo well blowout.
Anadarko Petroleum Corp. shares climbed more than 14% Thursday after the company agreed to pay $5.15 billion to plaintiffs involved in legacy Tronox Inc. operations. The settlement, about one-third the amount Anadarko was expected to pay, is the largest environmental recovery ever, the U.S. Department of Justice said.
BP plc’s request to halt some settlement payments related to the Macondo well blowout in 2010 has been rejected by the New Orleans court overseeing the multi-district litigation.
A federal appeals court in New Orleans on Wednesday ordered that some payments required to be paid by BP plc be halted to Gulf Coast businesses claiming they were impacted by the Macondo well blowout.
A Pennsylvania family that had sued Range Resources Corp. and other midstream operators for allegedly contaminating its property with hydraulic fracturing (fracking) fluids is still receiving monthly royalty payments, according to court-released settlement documents.