Today's top headlines: The chief of BP says the oil giant accepts full responsibility for the spill in the Gulf of Mexico, New Orleans gets a new mayor while the old one gets criticized, and estimates on the iPad's success are in.
BP Plc lost a motion to dismiss the issue of a potential finding of gross negligence, which could trigger fines as much as US$17.6-billion, in the trial over its role in the 2010 Gulf of Mexico oil spill.
BP lawyer Andrew Langan asked for a partial ruling Monday as the lawyers for the plaintiffs suing the company rested their case.
“We don’t think there has been a finding of gross negligence” against BP, Langan told U.S. District Judge Carl Barbier in New Orleans, who is conducting the nonjury trial.
U.S. District Judge Carl Barbier in New Orleans ruled today that BP was "grossly negligent" in the 2010 Deepwater Horizon rig explosion and may face up to $18 billion in civil penalties, according to The WSJ. In addition, Transocean and Halliburton were found 'negligent' - a lessor offense - (fines up to $1,100 per barrel for 'negligence', $4,300 for 'gross negligence').
NEW ORLEANS (AP) — Now that a $4 billion plea deal has resolved BP's criminal liability for the massive Gulf of Mexico oil spill nearly three years ago, the company will turn its focus to a trial that could potentially cost it billions of dollars more in civil penalties.
President Obama heads to the Gulf Coast on Friday to inspect the damage caused by the oil spill. In the 37 days since the rig exploded, killing 11 people and sending a continuous stream of oil into the ocean, Obama has been under pressure to take charge. The president announced several steps on Thursday to address the fallout.