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Appeals court hearing BP challenge on spill claims

BP-logoNEW ORLEANS — A federal appeals court is hearing BP’s bid to challenge what could be billions of dollars in settlement payouts to businesses claiming they lost money after the company’s 2010 oil spill in the Gulf of Mexico.

Lawyers for BP and Gulf Coast businesses and residents began arguments Monday before a three-judge panel of the 5th U.S. Circuit Court of Appeals.

BP wants the panel to overturn a federal judge’s ruling that upheld a court-appointed claims administrator’s interpretation of the settlement

BP claims the administrator has allowed thousands of businesses to secure hundreds of millions of dollars in payments for inflated and fictitious losses.

Plaintiffs’ lawyers counter that BP underestimated how many claimants would qualify for payments.

About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

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