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According to BP's law firm, Feinberg's law firm received a total of $3.3 million from BP as of early November. The law firm was paid $850,000 a month since June 2010, and payment of this fee will continue until the end of the year; afterwards, the contract will be reviewed. [35] In March 2011, Feinberg's law firm received an increase in the ...
The Deepwater Horizon explosion and oil spill resulted in an onslaught of litigation. call if firef commenced almost immediately after the explosion and oil spill. By May 27, 2010, Transocean, which owned the Deepwater Horizon, said in testimony before the U.S. House Judiciary Committee that it was defendant in 120 lawsuits, of which more than 80 were class actions seeking payment for ...
The lawsuit alleges that both Combs and Carter were involved in the rape of a 13-year-old girl in 2000. [22] On December 18, 2024, Buzbee filed a lawsuit against Carter's company Roc Nation , law firm Quinn Emanuel-which employs Carter's attorneys- and others, claiming that these parties were attempting to sway his clients into suing him and ...
On April 20, 2010, an explosion and fire occurred on the Deepwater Horizon semi-submersible mobile offshore drilling unit, which was owned and operated by Transocean and drilling for BP in the Macondo Prospect oil field about 40 miles (64 km) southeast off the Louisiana coast.
BP strongly disagreed with the ruling and filed an immediate appeal. [28] [361] On 2 July 2015, BP, the U.S. Justice Department and five gulf states announced that the company agreed to pay a record settlement of $18.7 billion. [362] To date BP's cost for the clean-up, environmental and economic damages and penalties has reached $54 billion. [363]
BP is the fourth-largest investor-owned oil company in the world by 2021 revenues (after ExxonMobil, Shell, and TotalEnergies). [8] BP had a market capitalisation of US$98.36 billion as of 2022, placing it 122nd in the world, [9] [10] and its Fortune Global 500 rank was 35th in 2022 with revenues of US$164.2 billion. [11]
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On March 14, 2012, the Senate passed the RESTORE Act as an amendment to the transportation bill 76-22. On June 29, 2012, both the House and Senate passed the full transportation bill by votes of 373-52 and 74-19, respectively. On July 6, 2012, President Barack Obama signed the transportation bill, including the RESTORE Act, into law. [9]