Talks between BP (BP) and states to settle the latter's claims over the Gulf oil spill are...

|About: BP p.l.c. (BP)|By:, SA News Editor

Talks between BP (BP) and states to settle the latter's claims over the Gulf oil spill are reportedly being made more difficult by the competing interests of the sates. At the opening of the civil trial yesterday, the Justice Department's Michael Underhill accused BP of "willful misconduct," which is an even higher standard than gross negligence and would leave BP open to fines of up to $17.6B. Underhill accused Haliburton (HAL) and Transocean (RIG) of gross negligence.