BP win in settlement dispute
A US federal appeals court has revived BP’s claims that a judge’s interpretation of a settlement over its 2010 oil spill in the Gulf of Mexico could force the company to pay billions of dollars for bogus or inflated claims by businesses.
A ruling by a divided three-judge panel of the 5th US Circuit Court of Appeals threw out US District Judge Carl Barbier’s rulings on the dispute between BP and lawyers who brokered the multibillion-dollar settlement in 2012. The panel sent the case back to Judge Barbier with an order that he craft a “narrowly-tailored injunction that allows the time necessary for deliberate reconsideration of these significant issues”.
