BP Loses Appeal To Halt Deepwater Payouts

Law360, New York (April 5, 2013, 7:48 PM EDT) -- A federal judge on Friday shot down BP PLC’s request for a temporary injunction on any payments to claimants in the Deepwater Horizon disaster court proceedings, rejecting BP’s arguments that many of the claims being considered are fake.

BP has already appealed to the Fifth Circuit U.S. District Judge Carl Barbier’s March 5 ruling approving a plan for payment administrator Patrick Juneau to begin distributing funds that BP has said could cost it $7.8 billion, but the company sought the injunction on the grounds that Juneau...
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