5th Circ.'s BP Ruling Holds Cos. To Tainted Settlements

Law360, New York (March 7, 2014, 5:42 PM EST) -- By ruling that BP PLC must continue dispensing payments from its $9.2 billion Deepwater Horizon deal to businesses that may not have been harmed by the spill, the Fifth Circuit sent a warning to companies negotiating large-scale settlement agreements: If you sign it, you're stuck with it.

The appeals court panel earlier this month affirmed a December decision from U.S. District Judge Carl Barbier finding that the settlement language does not require claimants in certain coastal areas to prove damages from the spill before collecting business...
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