BP Wants Appeal of Settlement Terms

By: Associated Press
By: Associated Press

NEW ORLEANS (AP) -- BP has appealed a federal judge's interpretation of settlement terms governing payouts to businesses that claim the company's massive 2010 oil spill in the Gulf of Mexico cost them money.

BP on Wednesday asked the 5th U.S. Circuit Court of Appeals to review last month's ruling by U.S. District Judge Carl Barbier, who appointed Lafayette attorney Patrick Juneau to serve as claims administrator for a multibillion-dollar settlement between BP and a team of private plaintiffs' attorneys.

BP claims Juneau violated the settlement in the way he used a complex formula to determine the payments to businesses, but Barbier upheld Juneau's interpretation.

Barbier scheduled a hearing Friday on BP's separate request for a preliminary injunction to block what could be billions of dollars in settlement payments to businesses.


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