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BP wins reprieve over Gulf of Mexico oil spill payouts

The court voted for an injunction to suspend any further payments to firms that had not suffered losses as a result of the disaster.

BP had argued that the settlement deal it agreed last year was being misinterpreted, allowing firms that had not suffered harm to claim losses.

The court voted 2-1 for the injunction.

In its ruling it said that “the district court erred” by not properly taking into account the question of whether losses were caused by the spill.

The ruling means that payments to any business that cannot directly trace its losses back to the spill, will now be suspended temporarily.

29 notes

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  6. neverendinginquiry reblogged this from thefreelioness and added:
    Jesus. That’s some bullshit right there.
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  11. bankruptsocialcode reblogged this from anti-propaganda and added:
    fucking bullshit
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  18. bigboybadboy reblogged this from thinksquad and added:
    Fuck BP
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