BP Uses Fund To Fight Suits

Halliburton Co is in talks to settle private claims against it in a trial to determine how blame should be shared for the 2010 Gulf of Mexico spill, the company said on Monday, and it took a US$1-billion pretax charge for a possible deal.

Reuters reports that Alabama’s attorney general Troy King is suing BP Plc (BP), Transocean (RIG) and Halliburton (HAL) for “catastrophic harm” caused by the Gulf of Mexico oil spill. “We are making this claim because we believe that BP has inflicted catastrophic harm on the state,” Mr.

Alabama is suing BP, Transocean and Halliburton for “catastrophic harm” caused by the Gulf of Mexico oil spill, the first state to sue BP for damage from the world’s worst offshore oil spill

NEW ORLEANS — A U.S. judge’s ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico oil spill, some of which BP called “absurd.”

Oil giant BP said on Friday it had reached an estimated $7.8 billion settlement with plaintiffs suing over the disastrous 2010 Gulf of Mexico oil spill. The company still faces US government claims which could cost it billions of dollars in fines.

Halliburton Co is suing BP Plc for 'negligent misrepresentation, business disparagement and defamation' related to BP's claims about who was to blame for last year's Macondo oil spill in the Gulf of Mexico

(Reuters) - Halliburton Co is suing BP Plc for "negligent misrepresentation, business disparagement and defamation" related to BP's claims about who was to blame for last year's Macondo oil spill in the Gulf of Mexico.