BP Appeal 'Deepwater Horizon' Compensation Ruling

Reuters
Sunday, March 17, 2013

BP requests a judge to temporarily halt claims paid out as business economic losses, claiming that many were fictitious & absurd.

In a filing in federal court in New Orleans, BP stated it could be irreparably harmed because the payouts could cost billions more than it budgeted for when it agreed to a settlement last April, reports Reuters.

BP was appealing a March 5, ruling that upheld the way it is paying business claimants seeking compensation for losses caused by the 2010 spill.

Source: Reuters
 

Maritime Reporter August 2014 Digital Edition
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