Appeals court hearing BP challenge on spill claims
NEW 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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi Film Studios signs contract with New Orleans company
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- MDOT cutting more than 40 jobs in Right-of-Way Division
- Board authorizes sale of company that owns Silver Slipper Casino
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday