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27 Jun 2014

Times-Picayune (USA)

BP seeks repayment on 'inflated' oil spill payouts [USA]

BP urged a federal judge Friday (June 27) to order the repayment -- plus interest -- of hundreds of millions of dollars the company says were overpaid to claimants as a result of "erroneous implementation" of the 2010 Gulf of Mexico oil spill settlement. The British oil giant argues that repayment is necessary after the court in May approved a revised policy for calculating losses under the settlement. BP argues some claimants received "inflated or unwarranted awards" prior to the change…[A]ttorneys Steve Herman and Jim Roy, members of the steering committee that represented the thousands of claimants in negotiating the 2012 settlement, say the motion is "another attempt by BP to back out of the commitment it made to the Gulf."…

Part of the following timelines

USA: BP asks court to order return of overpayments due to "erroneous implementation" of 2010 Gulf of Mexico oil spill settlement

US Deepwater Horizon explosion & oil spill lawsuits