From the category archives:

News

A federal judge sided with Google Inc. on Wednesday in a $1 billion copyright lawsuit filed by media company Viacom Inc

Read more here:
Judge sides with Google in $1B Viacom lawsuit

{ 0 comments }

June 24 (Reuters) - BP Plc faces at least 243 U.S. lawsuits so far arising from its role in the Gulf of Mexico oil spill, in what is considered by some the biggest environmental disaster in U.S. history.

…June 24 (Reuters) - BP Plc (BP.L) (BP.N) faces at least 243
U.S. lawsuits so far arising from its role in the Gulf of
Mexico oil spill, in what is considered by some the biggest
environmental disaster in U.S. history.

The vast majority of the lawsuits have been filed on behalf
of businesses, including commercial fishermen, charter boat
captains, shippers, resort operators and others harmed by the
spill, according to the Westlaw database. Westlaw is a unit of
Thomson Reuters.

A handful of lawsuits also have been filed on behalf of BP
shareholders, who through June 23 have seen BP’s American
depositary receipts lose 51 percent of their value since the
April 20 drilling rig explosion, which killed 11. BP also faces
wrongful death lawsuits by families of the killed workers.

With relief wells to cap the leaking oil unlikely to be
ready before August, both the number of lawsuits filed and the
potential scope of damages are expected to rise.

Analysts at Credit Suisse said this month that BP’s cleanup
and…

Read more:
FACTBOX-BP lawsuits in the United States

{ 0 comments }