07 Jan 2015 Cases

Deepwater Horizon Oil Spill Phase III Litigation

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Compass Lexecon was retained by counsel for British Petroleum (BP) to analyze corporate governance issues and the economic implications of the magnitude of BP’s fines under the Clean Water Act (CWA) relating to the Deepwater Horizon oil spill. Compass Lexecon affiliate Robert Daines testified at trial in the United States District Court in the Eastern District of Louisiana regarding the corporate structure and governance practices of BP’s wholly-owned subsidiary BP Exploration and Production, Inc. and about the economic impact and incentives resulting from increasing the penalty under the CWA. BP later settled with the United States. 25 Compass Lexecon worked closely with Matthew T. Regan and Mark J. Nomellini of Kirkland & Ellis LLP and David Pinsky and Megan Rodgers of Covington & Burling LLP. Professor Daines was supported by a Compass Lexecon team that included Rahul Sekhar, Jessica Mandel, Ralph Scholten and Avisheh Mohsenin, among others.

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