Plaintiff

BP plc still faces legal hurdles, but it jumped a big one after clinching a hard-fought settlement earlier this month with the Plaintiff’s Steering Committee (PSC) to resolve a “substantial majority of legitimate economic loss and medical claims” from the Macondo well blowout two years ago in the deepwater Gulf of Mexico. The PSC acts on behalf of thousands of individuals and businesses in the multi-district litigation (MDL) proceedings pending in New Orleans (MDL 2179).

BP plc still faces legal hurdles, but it jumped a big one late Friday after clinching a hard-fought settlement with the Plaintiff’s Steering Committee (PSC) to resolve a “substantial majority of legitimate economic loss and medical claims” from the Macondo well blowout two years ago in the deepwater Gulf of Mexico. The PSC acts on behalf of thousands of individuals and businesses in the multi-district litigation (MDL) proceedings pending in New Orleans (MDL 2179).

A district court judge has overturned a jury verdict that Kerr-McGee Oil & Gas underpaid $7.55 million in federal royalties on oil production, concluding that the plaintiff in the case, a former auditor of the Minerals Management Service (MMS), failed to meet one of the conditions necessary to bring a lawsuit on behalf of the government against the producer under the False Claims Act (FCA).

The lead plaintiff deadline was last week for class action lawsuits on behalf of Avista Corp.’s stockholders who may have lost money after the company reported a loss of $22 million in the second quarter. The losses followed unhedged power trades in the forward market in the second quarter.

The lead plaintiff deadline is today for class action lawsuitson behalf of Avista Corp.’s stockholders who may have lost moneyafter the company reported a loss of $22 million in the secondquarter. The losses followed unhedged power trades in the forwardmarket in the second quarter.