BP says rejection of private oil spill claims appeal could scuttle whole settlement

A BP attorney on Friday warned the U.S. 5th Circuit Court of Appeals that a failure to throw out a lower court ruling upholding rules the company claims allows businesses to be overpaid potentially billions of dollars for Deepwater Horizon oil spill economic settlement claims could result in the invalidation of the entire private claims settlement.

Theodore Olson, an attorney representing BP in its 5th Circuit challenge of the business claims rules, issued his warning in a motion filed Friday requesting an end to delays in a separate appeal before the 5th Circuit that challenges the entire settlement that BP entered into in 2012.

The appeal of the overall settlement was filed in 2012 by a variety of organizations that said their clients either were not included or received too little in the private settlement of economic and medical claims agreed to by BP and attorneys representing more than 100,000 claimants.

The settlement was approved by U.S. District Judge Carl Barbier in November 2012.

More at http://www.nola.com/news/gulf-oil-spill/index.ssf/2013/08/bp_says_rejection_of_private_o.html#incart_m-rpt-2 .

[font color=green]There are some additional links at the article about the settlement that Halliburton reached regarding the Deepwater Horizon oil spill.[/font]