BP Wins Appeals Court Order Stopping Some Spill Payments
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BP Plc won an appeals court order stopping some payments under a $9.2 billion settlement tied to the 2010 Gulf of Mexico oil spill.
BP last month asked for an injunction halting payments to claimants whose injuries weren’t traceable to the spill, contending the New Orleans federal judge overseeing the case ignored the appellate court’s Oct. 2 mandate to review claims. The settlement agreement provided a formula for calculating payments to businesses without requiring proof that losses were caused by the spill.