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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBP's oil spill settlement appeal rejected by U.S. Supreme Court
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
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BP's oil spill settlement appeal rejected by U.S. Supreme Court (Original Post)
babylonsister
Dec 2014
OP
Well we all know now that they don't give two shit about the people that have died or are sick
Rex
Dec 2014
#3
"BP originally estimated the settlement would cost $7.8 billion." Isn't that what their quarterly..
madinmaryland
Dec 2014
#4
Initech
(100,076 posts)1. If corporations are people, BP should get a death sentence.
Rex
(65,616 posts)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
(100,076 posts)8. I know, they're getting off light.
Rex
(65,616 posts)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
(64,933 posts)4. "BP originally estimated the settlement would cost $7.8 billion." Isn't that what their quarterly..
PROFIT is?
Screw them.
Screw them.
RiverLover
(7,830 posts)5. The Supremes got something RIGHT!
Love it.
BrotherIvan
(9,126 posts)6. Good
I hope they have to pay and pay and pay.
Cha
(297,249 posts)7. WooHoo! I bet the businessess are loving it! Thanks babylonsistah~