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DENIED

SCOTUS Rejects BP’s Settlement Challenge

Over 2010 Gulf of Mexico spill.

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Jonathan Ernst/Reuters

On Monday, the Supreme Court rejected BP’s challenge to its settlement to compensate victims of its 2010 offshore oil spill, the largest in U.S. history. The company claimed that its 2012 settlement has been interpreted to allow businesses to receive compensation without having to prove the BP leak caused damages. The Supreme Court’s refusal to hear BP’s appeal means the oil giant will have to continue with its payments. So far, BP has paid $2.3 billion in economic-loss claims to businesses out of $4.25 billion in total compensation. The company has set aside $43 billion to resolve all claims.

Read it at Reuters

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