BP Trial Updates

NEW ORLEANS -- A federal judge has set aside nearly seven hours for opening statements in a trial over the deadly rig explosion in the Gulf of Mexico that resulted in the nation's worst offshore oil spill.
The Sacramento Bee


BP said it was preparing “vigorously” for lawsuits related to its Gulf of Mexico oil spill, which are due to start later this month, as it unveiled a rise in fourth-quarter earnings boosted by higher oil prices and one-off gains.
Insurrance Journal


"In its 2011 State of the Gulf Report, the Alliance concludes that the spill 'is an ongoing disaster. Reputable scientific studies show three-fourths of the oil is lingering on the bottom of the Gulf... along the coast and in its marshes... and in the tissues of many of the sea food species.'"


Assuming the case doesn't settle -- the parties to this case have said they're going to trial -- the event is expected to be the largest environmental litigation in history and the biggest event ever held at federal court in New Orleans alongside the levee breach litigation.


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