Source: courtesy of BP plc
Now $42 billion is not chump change, even for BP. But plaintiffs in the case want much more from the firm. The big issue is whether BP acted with gross negligence. If the judge decides that the company did, BP is liable for up to triple damages.
Claims against both rig owner and operator Transocean Ltd. (NYSE: RIG) and cement contractor Halliburton Co. (NYSE: HAL) are not yet resolved, but are not at issue in the trial that begins today.
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