BP Says Accord Can’t Be Approved Unless Dispute Is Fixed
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BP Plc told an appeals court that its $9.6 billion settlement of economic damages from the 2010 oil spill can’t be approved if a dispute over claim payments isn’t resolved in the company’s favor.
U.S. District Judge Carl Barbier in New Orleans, at the urging of lawyers representing victims of the Gulf of Mexico oil spill, “has adopted an interpretation of the settlement agreement that drastically and improperly expands the definition of the class” of claimants covered by the agreement, BP’s lawyers said today in a filing in New Orleans appellate court.