BP wants wants cut in oil spill settlement budget

NEW ORLEANS — BP has urged a federal judge to reject a $111-million budget request by the court-supervised administrator of the company’s multibillion-dollar settlement with Gulf Coast businesses and residents following its 2010 Gulf oil spill.

In a court filing yesterday, BP attorneys said claims administrator Patrick Juneau refused to cut his office’s fourth-quarter budget request by at least $25.5 million after the company complained that it was excessive.

Last month, U.S. District Judge Carl Barbier ordered the London-based oil giant to pay more than $130 million for Juneau’s third-quarter budget despite the company’s objections.

BP said Juneau’s latest budget proposal isn’t reasonable, either, and shouldn’t be approved. The company claims Juneau’s office has failed to adequately manage its outside vendors’ inflated expenses.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

One Response to “BP wants wants cut in oil spill settlement budget”

  1. BP wants wants cut in oil spill settlement budget | MemePosts Says:

    […] Click here to view original web page at msbusiness.com […]

POST A COMMENT

 

FOLLOW THE MBJ ON TWITTER

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: