Law360, New York (March 08, 2013, 3:36 PM ET) -- The cost of BP PLC's economic and medical class action settlements stemming from the Deepwater Horizon oil spill will run significantly higher than the company's initial estimate of $7.8 billion, BP said Wednesday in a U.S. Securities and Exchange Commission filing.
Business economic loss claims that have been submitted so far are being paid at a much higher average than BP anticipated, the energy giant said in its annual report. The company has accused the claims administrator of misinterpreting the terms of the agreement and handing...
BP To Pay Much More Than $7.8B In Deepwater Deals
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