News Summary: BP on offensive in spill settlement

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Associated Press

Posted on June 26, 2013 at 2:01 PM

SPILLING BILLIONS: BP is mounting an aggressive campaign to challenge what could be billions of dollars in payouts to businesses following its 2010 oil spill in the Gulf of Mexico.

LEGAL ADVICE: BP warns lawyers for many Gulf Coast businesses that it may seek to recover some of the multibillion-dollar settlement if it successfully appeals a key ruling in the legal wrangling spawned by the nation's worst offshore oil spill.

WHOA! Two of the lead plaintiffs' lawyers who helped broker the deal with BP, warned BP's lawyer that he "misstates the law and violates BP's obligations under the Settlement Agreement."

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