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Court rejects BP bid on oil spill losses

Thursday, 26 December 2013 18:00

BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

Reuters reported that US District Judge Carl Barbier in New Orleans said the British oil company would have to live with its earlier interpretation of a settlement agreement over the spill, in which certain businesses could be presumed to have suffered harm if their losses reflected certain patterns.

Published in BP Oil Spill

By Jonathan Stempel

Dec 24 (Reuters) - BP Plc (LSE: BP.L - news) has failed to persuade afederal judge to require businesses seeking to recover moneyover the 2010 Gulf of Mexico oil spill to provide proof thattheir economic losses were caused by the disaster.

U.S. District Judge Carl Barbier in New Orleans said theBritish oil company would have to live with its earlierinterpretation of a settlement agreement over the spill, inwhich certain businesses could be presumed to have suffered harmif their losses reflected certain patterns.

Published in BP Oil Spill
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By Jonathan Stempel

(Reuters) - BP Plc has failed to persuade a U.S. federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

U.S. District Judge Carl Barbier in New Orleans said the British oil company would have to live with its earlier interpretation of a settlement agreement over the spill, in which certain businesses could be presumed to have suffered harm if their losses reflected certain patterns.

Published in BP Oil Spill
(function(){ var wrap = document.getElementById("yom-ad-LREC"); if (null == wrap) { wrap = document.getElementById("yom-ad-LREC-iframe") || {}; } var content = wrap.innerHTML || ""; if (content && content.substr(0, content.lastIndexOf("

By Jonathan Stempel

(Reuters) - BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

U.S. District Judge Carl Barbier in New Orleans said the British oil company would have to live with its earlier interpretation of a settlement agreement over the spill, in which certain businesses could be presumed to have suffered harm if their losses reflected certain patterns.

Published in BP Oil Spill
(function(){ var wrap = document.getElementById("yom-ad-LREC"); if (null == wrap) { wrap = document.getElementById("yom-ad-LREC-iframe") || {}; } var content = wrap.innerHTML || ""; if (content && content.substr(0, content.lastIndexOf("

NEW ORLEANS (AP) -- Two former top officials at the settlement program for compensating victims of BP's 2010 Gulf oil spill say their recent resignations had nothing to do with the company's allegations that they frequented a New Orleans strip club that received a settlement award.

Kirk Fisher, the settlement program's former chief operating officer, said in an email to The Associated Press late Monday that he and former program CEO David Odom left last week to pursue "other opportunities.

Published in BP Oil Spill