BP challenges ruling on oil spill compensation

REUTERS - BP Plc(BP.L) on Friday asked a federal judge to temporarily halt an estimated $8.5 billion settlement with plaintiffs over the 2010 Gulf of Mexico oil spill, saying the claims administrator's decisions could give claimants "windfalls" and cost the oil company billions of dollars.

A filing in federal court in New Orleans said BP would be "irreparably harmed" without relief from the court.

A judge ruled March 5 that BP must keep paying certain types of oil spill compensation in much larger amounts and to more parties than the company had anticipated. (Reporting By Jonathan Stempel in New York and Kristen Hays in Houston)


Updated Date: Mar 16, 2013 03:45 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent