General Update and Materials re the Settlement Program and Ongoing BP Oil Spill Litigation

In What's New in the BP Oil Spill Litigation by gravierhouse2 Comments

See Update on Settlement Program from Class Counsel (Jan. 22, 2016) See Master Index of Settlement Program Filings, Submissions, Decisions and Other Materials (Dec. 22, 2015) See Briefing on BP’s Motion to Dismiss “Moratoria” Claims (Jan. 6, 2016) See Motion to Strike BP’s “Moratorium” Defense (Dec. 14, 2015) See Reply Brief in Support of Motion to Strike (Jan. 20, 2016) …

U.S. Fifth Circuit Affirms Securities Fraud Class Against BP for Post-Spill Misrepresentations

In What's New in Class Action Law?, What's New in the BP Oil Spill Litigation, What's New in the Courts by gravierhouseLeave a Comment

“[T]he plaintiffs’ theory of liability is that BP misrepresented the Spill’s flow rate. The theory of damages is that the stock price was inflated as a result of BP’s misrepresentations, as revealed by six corrective events. Some of those events are unequivocally connected to the alleged misrepresentations, i.e., a Coast Guard statement several days after the spill reporting that the …

U.S. Supreme Court Rejects BP’s Attempts to Back Out of Its Own Settlement

In What's New in Class Action Law?, What's New in the BP Oil Spill Litigation, What's New in the Courts by gravierhouseLeave a Comment

On December 8, 2014, the U.S. Supreme Court denied BP’s petition for certiorari, leaving undisturbed the U.S. Fifth Circuit’s approval of the class action settlement which BP originally agreed to and proposed. By way of background:  “BP supported the Settlement Agreement during the proceedings leading up to and including the district court’s order of December 21, 2012. BP now argues that …