BP Appeals Approval by Spill Court of Claims Official’s Payouts
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BP Plc is appealing a trial court ruling upholding decisions by the administrator of its $8.5 billion settlement over the 2010 oil spill that the company says will force it pay billions of dollars more than expected.
U.S. District Judge Carl Barbier affirmed the interpretations by claims administrator Patrick Juneau in a March 5 order. BP complained he was misinterpreting the settlement agreement and overpaying.