| Supreme Court Orders BP to Pay Up |
| Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=26965"><span class="small">Lindsay Abrams, Salon</span></a> |
| Tuesday, 10 June 2014 14:48 |
|
Abrams writes: "BP's proven that it can and will continue to fight to keep from paying settlement fees to businesses that lack definitive proof that they've suffered economic losses from the 2010 Gulf Oil Spill."
Supreme Court Orders BP to Pay Up10 June 14
The company must continue to pay all claims until its appeal is heard, the court said
But while the company waits for the Supreme Court to hear its appeal, the justices announced Monday, it must continue to pay all claims, even the ones it’s contesting. The AP reports: Steve Herman and Jim Roy, lead attorneys for businesses and individuals who have filed claims against BP, said in a one-sentence statement that the order “will allow businesses to continue to receive the compensation they’re rightly entitled to according to the objective, transparent formulas agreed to by BP.” BP’s already paid out about $12 billion in claims, and faces more penalties when it again stands trial, next January, for Clean Water Act violations. But it looks like this is one battle it’s not going to win. Here’s the AP again: The order indicates that the high court is unlikely to hear BP’s appeal, said Loyola University law professor Blaine LeCesne, who is not involved in the case. BP contends that that the claims administrator is misinterpreting its agreement with many businesses. “It’s obviously a major victory for the plaintiffs, who can now proceed with processing these business economic loss claims,” he said. “Given the several months interim before the Supreme Court rules on the appeal, likely many of these claims will have been processed and paid.” |
| Last Updated on Tuesday, 10 June 2014 13:53 |




P’s proven that it can and will