BP's Tab Nears $5B In Deepwater Horizon Settlement

Law360, New York (November 26, 2013, 3:10 PM EST) -- Businesses and individuals claiming property and economic loss from the Deepwater Horizon spill have received more than $3.7 billion in settlement funds from BP PLC, with an additional $1.2 billion scheduled for payment, according to a status report lodged in Louisiana federal court Monday.

Claims administrator Patrick Juneau, who has come under fire from BP, said the nearly $5 billion in approved payments covers about 159,000 of the 234,000 claims that have been submitted as part of the settlement program. The claims office is still reviewing...
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