Court to hear arguments on BP oil spill settlement - FOX 8 WVUE New Orleans News, Weather, Sports

Court to hear arguments on BP oil spill settlement

Updated:

NEW ORLEANS (AP) - A federal appeals court is set to hear dueling arguments on whether a judge should have approved BP's multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.

A year ago, BP PLC urged U.S. District Judge Carl Barbier to approve its agreement with a team of lawyers for Gulf Coast businesses and residents who claim the spill cost them money.

On Monday, however, company attorneys will tell a three-judge panel of the 5th U.S. Circuit Court of Appeals that Barbier's order shouldn't be upheld unless BP ultimately prevails in a dispute over settlement payouts to businesses.

In October, a different 5th Circuit panel threw out Barbier's rulings on that dispute and ordered him to change the calculation of some damages.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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