Appeals court hearing BP challenge on interpretation of oil spill settlement claims

  • Updated: July 8, 2013 - 9:25 AM

NEW ORLEANS — A federal appeals court is hearing BP's bid to challenge what could be billions of dollars in settlement payouts to businesses claiming they lost money after the company's 2010 oil spill in the Gulf of Mexico.

Lawyers for BP and Gulf Coast businesses and residents began arguments Monday before a three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans.

BP wants the panel to overturn a federal judge's ruling that upheld a court-appointed claims administrator's interpretation of the settlement.

BP claims the administrator has allowed thousands of businesses to secure hundreds of millions of dollars in payments for inflated and fictitious losses.

Plaintiffs' lawyers counter that BP underestimated how many claimants would qualify for payments.

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close