BP's oil spill settlement appeal rejected by U.S. Supreme Court

[babylonsister]

NOLA.com
The Times-Picayune Greater New Orleans

BP's oil spill settlement appeal rejected by U.S. Supreme Court
The Times-Picayune By Jennifer Larino, NOLA.com
on December 08, 2014 at 9:45 AM, updated December 08, 2014 at 2:56 PM


The U.S. Supreme Court on Monday rejected BP's appeal of its oil disaster settlement, ending the British oil giant's two-year fight over interpretation of the agreement. The decision affirms lower court rulings that, under the settlement terms, businesses claiming damages from the 2010 Gulf of Mexico oil disaster need not prove direct harm.

The justices did not comment on their decision not to review the case. But they approved several requests from outside parties with interests in the dispute to file briefs.

BP sought to have its settlement overturned. It argued that the agreement was being misinterpreted to allow millions of dollars in payments to businesses that were not directly harmed by the disaster.

BP originally estimated the settlement would cost $7.8 billion. Now it estimates that figure could exceed $9.7 billion.


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http://www.nola.com/business/index.ssf/2014/12/us_supreme_court_rejects_bps_o.html

[Initech]

1. If corporations are people, BP should get a death sentence.

[Rex]

3. Well we all know now that they don't give two shit about the people that have died or are sick

from their reckless madness to drill for oil. I would imagine they make 10 billion a day. Probably more.

[Initech]

8. I know, they're getting off light.

[Rex]

2. And how much did BP waste taking this to court, hiring lawyers etc..

The worlds largest company needs to admit to massive fault and pay up.

[madinmaryland]

4. "BP originally estimated the settlement would cost $7.8 billion." Isn't that what their quarterly..

PROFIT is?

Screw them.

[RiverLover]

5. The Supremes got something RIGHT!

Love it.

[BrotherIvan]

6. Good

I hope they have to pay and pay and pay.

[Cha]

7. WooHoo! I bet the businessess are loving it! Thanks babylonsistah~