Special report: How BP's oil spill costs could double

Originally posted on CNBC.com - December 1, 2010

LONDON - Last month, BP increased by $8 billion the financial provisions it was taking for the Gulf of Mexico oil spill; the company's shares rose. Better-than- expected underlying profits and upbeat comments from new Chief Executive Bob Dudley were taken by the market as a sign the company had turned the corner and would soon return to pumping out steadily rising dividends.

Beaumont law firm to collect evidence in federal lawsuit against BP, others

Beaumont Enterprise

Several law firms, including Brent Coon and Associates, will participate in the complicated evidence-gathering process, which is expected to last well into 2011 and produce tens of millions of documents.

Scores of Lawyers Apply for Lead Counsel in BP Litigation

Law.com

More than 100 lawyers who are suing BP PLC over the Deepwater Horizon oil spill have applied for coveted places on the committee that will lead the multidistrict litigation, citing either the extensive work they've already done or the unique role they would serve as the representative of a specific group of alleged victims.

DOJ Refuses to Revoke BP's Probation Over Safety Violations at Texas City Refinery

Truthout.org

The Department of Justice (DOJ) has refused to pursue a probation revocation case against BP after the company was found to have violated a federal judge's March 2009 felony judgment, which required BP to fulfill the terms of a settlement agreement it entered into with government regulators five years ago to make certain safety upgrades at its Texas City refinery by September 2009, according to documents obtained by Truthout.

BP’s Probation Over Fatal Texas Blast Won’t Be Revoked by U.S.

Businessweek

BP Plc’s probation for violating a plea deal that resolved the company’s criminal liability for a fatal 2005 explosion at its Texas City, Texas, refinery won’t be revoked by the U.S. Justice Department.

BP gets a break over its 2005 case

Houston Chronicle

The U.S. Department of Justice will not seek to revoke BP's criminal probation for allegedly failing to make safety upgrades at its Texas City refinery following a deadly 2005 explosion, despite pleas from victims' families to reopen the case.

Coon seeks spot on BP litigation steering committee

Louisiana Record

Brent Coon of Beaumont, Texas seeks a position with a group that will run the plaintiff side of national oil spill litigation.

Opposition grows to BP’s legal strategy

Financial Times

BP is facing mounting opposition to its strategy of stalling the lawsuits of some Gulf of Mexico oil spill claimants, by forcing them to apply to a $20bn compensation fund first.

Up to 200 American lawyers are formulation a category movement opposite BP that could be one of the majority costly yet.

Up to 200 American lawyers are formulation a category movement opposite BP that could be one of the majority costly yet.

Texas BP Lawsuit Hardly a Harbinger of Change

TruthOut.org

Overshadowed by the explosion on Deepwater Horizon and the subsequent hemorrhaging of oil into the Gulf of Mexico, water pollution was only one of tragedies that marred April 2010. From April 6 to May 16, BP poured over 500,000 pounds of contaminants into the air.