abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

11 Dec 2014

Greg Stohr, Bloomberg

US Supreme Court rejects BP’s request to review Gulf of Mexico oil spill settlement

"BP Rejected by U.S. Supreme Court on Gulf Spill Payments", 8 Dec 2014

The U.S. Supreme Court refused to review [BP’s] $9.7 billion settlement over the 2010 Gulf of Mexico oil spill…BP argued that the 2012 settlement is being implemented in a way that violates the Constitution and the federal rules governing class action lawsuits. The company said money is going to entities whose losses were unrelated to the spill, including lawyers who lost their licenses and warehouses that burned down before the incident…Plaintiffs have six months to file economic-loss claims over the spill. The suing businesses urged the high court to reject the appeal, saying BP is trying to renege on an agreement because it is proving more costly than anticipated…The high court in June refused to halt the payments while the justices weighed whether to take up the case…BP is separately asking a federal appeals court to undo payments to some victims, arguing that Juneau misunderstood the deal...