5th Circ. Puts BP Spill Payments Fight On Life Support
By Keith Goldberg
Law360, New York (January 13, 2014, 6:51 PM ET) -- The Fifth Circuit's refusal Friday to disturb BP PLC's multibillion-dollar settlement of claims for lost business tied to the Deepwater Horizon disaster deals a mortal blow to the energy giant's bid to block disputed spill payments and underscores the judiciary's reluctance to rescue BP from a deal they agreed to, experts say.
In a 2-1 ruling, a three-judge panel upheld U.S. District Judge Carl Barbier's December 2012 decision approving the $9.2 billion settlement and certifying the economic and property damages settlement class, rejecting arguments by BP...