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Court To Hear Arguments On BP Oil Spill Settlement

Mon, 11/04/2013 - 12:10pm
MICHAEL KUNZELMAN, Associated Press

NEW ORLEANS (AP) — A federal appeals court is set to hear dueling arguments on whether a judge should have approved BP's multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.

A year ago, BP PLC urged U.S. District Judge Carl Barbier to approve its agreement with a team of lawyers for Gulf Coast businesses and residents who claim the spill cost them money.

Today, however, company attorneys will tell a three-judge panel of the 5th U.S. Circuit Court of Appeals that Barbier's order shouldn't be upheld unless BP ultimately prevails in a dispute over settlement payouts to businesses.

In October, a different 5th Circuit panel threw out Barbier's rulings on that dispute and ordered him to change the calculation of some damages.

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