BP Appeal 'Deepwater Horizon' Compensation Ruling

BP requests a judge to temporarily halt claims paid out as business economic losses, claiming that many were fictitious & absurd.

In a filing in federal court in New Orleans, BP stated it could be irreparably harmed because the payouts could cost billions more than it budgeted for when it agreed to a settlement last April, reports Reuters.

BP was appealing a March 5, ruling that upheld the way it is paying business claimants seeking compensation for losses caused by the 2010 spill.

Source: Reuters