Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
World
Most Searched: Antarctic rescue  Mandela  Syria   Thailand  Ukraine  

U.S. court upholds multi-billion BP oil spill settlement

English.news.cn   2014-01-11 14:26:52            

HOUSTON, Jan. 10 (Xinhua) -- A U.S. federal appeals court upheld a lower court decision on Friday approving a multibillion-dollar settlement with BP of private claims stemming from the 2010 oil spill in the Gulf of Mexico.

Earlier BP has contended that a U.S. District Judge and another court-appointed administrator of claims have misinterpreted settlement terms in ways that would force BP to pay for billions of dollars in inflated or fraudulent claims by businesses and individuals, the Times-Picayune reported.

BP alleged some businesses and individuals who didn't suffer from the oil spill took advantage of the settlement program and tried to claim money from the British oil giant.

In its ruling on Friday, a three-judge panel of the 5th U.S. Circuit Court of Appeals dismissed BP's contentions, saying the District Judge correctly found that the plaintiffs who filed a class-action lawsuit against BP were indeed injured from the spill.

The 5th Circuit found that in challenging the settlement agreement itself, BP's allegations were not enough to overturn the approval.

On April 20, 2010, BP's Deepwater Horizon drill platform caught fire and exploded, killing 11 workers and triggering one of the worst environmental disasters in the U.S. history.

BP said it has paid more than 300,000 claims totaling over 11 billion U.S. dollars to help restore the Gulf economy. The company initially estimated the settlement deal would cost about 7.8 billion U.S. dollars.

Editor: Fu Peng
分享
Related News
Home >> World            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top World News Latest News  
  Special Reports  >>
010020070750000000000000011100001330368711