Legal Opinion
BP Exploration & Prod., Inc. v. Id 100094497, Objecting Party
Court of Appeals for the Fifth Circuit
Decided November 9, 2018No. 17-30949PublishedCited by 15 opinions
1Opinion of the Court
EDITH H. JONES, Circuit Judge:
Appellant BP unsuccessfully sought discretionary review of an Appeal Panel's calculation of lost profits owed to the Appellee under the Deepwater Horizon Economic and Property Damages Class Action Settlement Agreement ("E&P Settlement Agreement"). Because the Appeal Panels are split and this Appeal Panel misapplied the distinction between fixed and variable costs under the Business Economic Loss formula, the district court abused its discretion in failing to correct the significant legal error. We VACATE and REMAND for further proceedings consistent with this…
2Cases cited14 opinions
- Singleton v. WulffSupreme Court of the United States · 1976
- Joseph Montano v. State of TexasCourt of Appeals for the Fifth Circuit · 2017
- Lake Eugenie Land & Development, Inc. v. BP Exploration & Production, Inc.Court of Appeals for the Fifth Circuit · 2013
- Holmes Motors, Inc. v. BP Exploration & Production, Inc.Court of Appeals for the Fifth Circuit · 2016
- Lake Eugenie Land Development, Inc. v. BP Exploration & Production, Inc.Court of Appeals for the Fifth Circuit · 2015
9 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- BP Exploration & Prodn, Inc. v. IDCourt of Appeals for the Fifth Circuit · 2019
- ADT LLC v. MadisonDistrict Court, N.D. Texas · 2020
- BP Exploration & Prodn, Inc. v. IDCourt of Appeals for the Fifth Circuit · 2020
- BP Exploration & Prodn, Inc. v. IDCourt of Appeals for the Fifth Circuit · 2019
- BP Exploration & Prodn, Inc. v. IDCourt of Appeals for the Fifth Circuit · 2019
10 more not listed; retrieve them via the Exa API.