5th Circuit halts some BP oil spill payments

The appeals court rules an injunction should be filed while a district court sorts out BP’s claims

Oil company BP PLC recently raised questions concerning its payments to those affected by 2010’s Deepwater Horizon oil spill, and it seems the courts are listening. The 5th Circuit Court of Appeals ruled on Oct. 2 that a lower court judge must halt payments to some Gulf Coast businesses.

BP has regularly made payments of hundreds of millions of dollars to businesses that say they suffered damage in the wake of the oil spill in the Gulf of Mexico. The original settlement put BP on the hook for an estimated $7.8 billion in damages, which the company was expected to pay over a long period of time.

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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