BP Spill Settlement Administrator Sets New Claims Criteria

Law360, New York (October 28, 2013, 7:10 PM EDT) -- The administrator of BP PLC's estimated $7.8 billion Deepwater Horizon oil spill settlement on Monday proposed additional scrutiny of economic loss claims following an appeals court decision earlier this month striking down an earlier reading of the settlement terms as too lax.

The claims center will be taking a closer look at whether revenues and expenses match up, establishing seven criteria that trigger a further matching review before payment is approved, according to a declaration filed by claims administrator Patrick Juneau.

U.S. District Judge Carl Barbier...
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