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BP welcomes US court of appeal ruling on Gulf of Mexico oil spill payouts
http://www.theguardian.com/business/2013/oct/03/bp-us-court-appeal-ruling-deepwater-horizon-oil-spill
BP welcomes US court of appeal ruling on Gulf of Mexico oil spill payouts
Angela Monaghan
theguardian.com, Thursday 3 October 2013 03.57 EDT
BP has secured a victory in its US battle to limit payouts over its 2010 Gulf of Mexico oil spill, in a move which could save the company billions of dollars.
The British oil company welcomed a ruling by the US court of appeals which will force a rethink on how compensation claims related to the disaster will be assessed.
The supreme court also ordered that payments must be stopped to people who did not suffer "actual injury traceable to loss" from the spill until cases have been properly heard and decided through the judicial process.
BP was the biggest FTSE 100 riser in early trading in London on Thursday, with shares up almost 2%.
