Thursday, October 23, 2014   

BP asks court to review oil spill settlement ruling
(01-22 14:13)

British oil giant BP on Tuesday asked a U.S. appeals court to review a ruling upholding a multibillion-dollar settlement to compensate victims of the 2010 oil spill in the Gulf of Mexico, local media reported.
BP argued Tuesday in a filing with the 5th US Circuit Court of Appeals that the court erred earlier this month when it upheld a US district judge's approval of the company's settlement with individuals and businesses who suffered economically in the oil spill, the Times-Picayune reported.
Earlier BP has contended a US District Judge and another court-appointed claims administrator have misinterpreted settlement terms in ways that would force BP to pay billions of dollars in inflated or fraudulent claims by businesses and individuals.
BP alleged some businesses and individuals who didn't suffer from the oil spill took advantage of the settlement program and tried to claim money from the company.
In its ruling on Jan. 10, a three-judge panel of the 5th US Circuit Court of Appeals dismissed BP's contentions, saying the District Judge correctly found that the plaintiffs who filed a class-action lawsuit against BP were indeed injured from the spill.
The 5th Circuit found then in challenging the settlement agreement itself, BP's allegations were not enough to overturn the approval.
On April 20, 2010, BP's Deepwater Horizon drill platform caught fire and exploded, killing 11 workers and triggering one of the worst environmental disasters in the country's history.
BP said it has paid more than 300,000 claims totaling over US$11 billion to help restore the Gulf economy. The company initially estimated the settlement deal would cost at about US$7.8 billion. --Xinhua   
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