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5 Apr 2013

Ed Crooks, Financial Times

BP in key hearing on gulf oil spill costs [USA]

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Businesses in the Gulf of Mexico region are not short of advice on what to do about the settlement that BP signed last year with plaintiffs’ lawyers to resolve damages claims over the 2010 oil spill…For BP, the rate at which those claims for business economic losses are being paid is a sign that Patrick Juneau, the independent claims administrator, is misinterpreting the settlement in a way that will cost it billions of dollars unless he is stopped. The New Orleans court that is trying the civil case for damages resulting from the 2010 Deepwater Horizon disaster will on Friday hear arguments over BP’s call for an injunction.