BP Wins Right to Appeal Some Gulf Spill Damages Claims

Posted by Reuers: Jonathan Stempel on May 12th, 2015
Reuers: A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill. The decision by the 5th U.S. Circuit Court of Appeals in New Orleans could help BP limit its payout to victims of the explosion of the Deepwater Horizon drilling rig, which killed 11 workers and caused the largest U.S. offshore oil spill. BP originally expected to pay $7.8 billion to resolve claims......

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