Sunday, August 03, 2014

Taking their tarballs and going home

BP is done paying any damages for anything.
Late Friday night, BP filed its formal petition to the U.S. Supreme Court claiming that lower courts in New Orleans erroneously approved a multi-billion-dollar settlement that is paying claimants that were not hurt by the company’s 2010 oil spill.

The writ of certiorari petition, which asks the Supreme Court to take up the case, has been expected since May, when the U.S. 5th Circuit Court of Appeals rejected BP’s attempts to undo the massive damage settlement it agreed to and helped craft in 2012. In fact, BP already asked the high court to keep in place a stay on business claims payments that it is challenging and the Supreme Court denied that application in June.

No comments: