BP Says Subsidiary Will Go Broke if Spill Fine Tops $2.3B

BP PLC for the first time has identified in court papers the amount its subsidiary should pay in civil fines for its role in the Deepwater Horizon spill, claiming that anything more than $2.3 billion could result in insolvency.

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  • D.C. Firms by 2014 Financial Results: Emoji Edition

    By Katelyn Polantz

    So far this year, the NLJ has covered several financial announcements from D.C.'s largest firms. Why not corral them and a few other firms of interest into one helpful post? 😎

  • AmLaw 100 Emoji Edition: D.C. Firms' Results, Part 2

    By Katelyn Polantz

    Back by popular demand, we bestow money-judging emoji unto another group of D.C.'s largest law firms. The group below includes firms that are among the largest 25 in the metro area and claim a founding city outside of Washington.

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Regulation

  • 'Trolls Never Actually Go Away,' Overstock.com GC Tells Congress

    By Jenna Greene

    "We would rather pay real dollars in high defense costs than give a dime to abusive patent trolls," Overstock general counsel Mark Griffin told members of a House subcommittee. "In the short run, it is cheaper and less risky to pay the troll to go away. But the trolls never actually go away."

  • Company 'Wellness' Programs Get Check Up From EEOC

    By Jenna Greene

    Under fire for a series of suits that challenge company wellness programs, the U.S. Equal Employment Opportunity Commission on Friday voted to move forward with regulations that would clarify how such programs can comply with both the Affordable Care Act and the Americans With Disabilities Act.

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Litigation

  • House of Representatives v. Burwell: Government's Reply

    The House of Representatives lacks standing to sue the Obama administration over the health care law, the U.S. Department of Justice said on Tuesday night in a new court filing in Washington federal district court.

  • BP Says Subsidiary Will Go Broke if Spill Fine Tops $2.3B

    By Amanda Bronstad

    BP PLC for the first time has identified in court papers the amount its subsidiary should pay in civil fines for its role in the Deepwater Horizon spill, claiming that anything more than $2.3 billion could result in insolvency.

read more

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