BP's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill rejected
United States appeals court has rejected BP Plc’s bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster.
By a 2-1 vote, the 5th U.S. Circuit Court of Appeals in New Orleans, Louisiana late Monday upheld a December 24 ruling by U.S. District Judge Carl Barbier in New Orleans, authorizing the payments on so-called business economic loss claims. It also said an injunction preventing payments should be lifted.
The decision is a setback for BP’s effort to limit payments under a multi-billion dollar settlement over the April 20, 2010, explosion of the Deepwater Horizon drilling rig and rupture of BP’s Macondo oil well.