BP appeals judge's ruling on settlements

BP appeals judge's ruling on settlements

Credit: Getty Images

GULF OF MEXICO - JUNE 25: The Transocean Discoverer Enterprise drillship burns off gas collected at the BP Deepwater Horizon oil spill in the Gulf of Mexico off the coast of Louisiana on June 25, 2010. An approaching tropical disturbance may force collecting operations involving ships and other siphoning equipment to be temporarily halted. This may cause oil to flow unchecked from the well until the weather improves and siphoning operations can be restored. (Photo by Chris Graythen/Getty Images)

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wwltv.com

Posted on April 8, 2013 at 3:19 PM

Updated Wednesday, Oct 30 at 5:31 AM

David Hammer / Eyewitness News
Email: dhammer@wwltv.com | Twitter: @davidhammerWWL

NEW ORLEANS -- After a federal judge rejected BP's efforts Friday to re-interpret its multi-billion-dollar oil spill damage settlement, the company filed a formal appeal Monday to the 5th Circuit Court of Appeals.

Read the appeal

BP says the court-appointed claims administrator, Lafayette attorney Patrick Juneau, is misapplying the settlement terms to pay millions in "fictitious losses" to companies that earned more after the 2010 spill than they did in the years leading up to it.

But Judge Carl Barbier has repeatedly ruled against the oil giant.

On Friday, Barbier said he agreed with Juneau’s interpretation of the detailed, 1,000-page settlement agreement and dismissed BP’s lawsuit against Juneau as well as its request for an injunction to block Juneau from paying certain types of claims.

 

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