BP Says $20B Deepwater Horizon Claims Fund Running Dry

Law360, New York (July 30, 2013, 12:58 PM EDT) -- BP PLC on Tuesday said it was quickly running through its $20 billion trust fund for claims arising from the Deepwater Horizon oil spill, and given the rate and size of claims against the trust expected to run through the fund within this quarter.

In a quarterly financial report, the British oil giant said it had paid out just over $19.7 billion of the $20 billion set aside in the fund — the Deepwater Horizon Oil Spill Trust — by the end of June, having booked...
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