BP had supported the settlement agreement leading up to the
December 2012 ruling by U.S. District Court Judge Carl Barbier
approving it. But the company has since argued the administration of
the settlement is faulty because it allows claimants without actual
damages to join in.
In the 2-1 decision, the appeals court panel rejected the arguments
by BP. It noted that the company had failed to explain "how this
court or the district court should identify or even discern the
existence of 'claimants that have suffered no cognizable injury.'"
BP had originally projected that its settlement in the case would
cost $7.8 billion. As of late October it had boosted this estimate
to $9.2 billion, and said this sum could grow "significantly
The case stems from the 2010 explosion of the Deepwater Horizon
drilling rig and rupture of BP's Macondo oil well, which killed 11
people and triggered the largest-ever U.S. offshore oil spill. The
torrent fouled shorelines from Texas to Alabama.
[to top of second column]
Plaintiffs ranged from hotel owners to oyster gatherers.
Billions of dollars have already been paid out to claimants.
(Reporting by Alex Dobuzinskis; editing by Ken Wills)
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