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Thursday, April 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Deepwater Horizon

The Fifth Circuit ruled that a district court improperly upheld a $77 million award in favor of a global commodities merchandiser for damages relating to the Deepwater Horizon oil spill, finding that credible evidence of a “sole, superseding cause” of the company’s loss was not investigated.

NEW ORLEANS – The Fifth Circuit reversed a $77 million award in favor of a global commodities merchandiser relating to the Deepwater Horizon oil spill, saying the lower court failed to investigate credible evidence of a “sole, superseding cause” of the company’s loss.

Categories / Appeals, Business

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