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BP Wins Settlement Fight BP Wins Settlement Fight

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BP Wins Settlement Fight


BP scored a victory in court over its settlement stemming from the 2010 Gulf oil spill, which coated parts of the shoreline in states such as Alabama and Louisiana (pictured here).(JOHN MOORE/Getty Images)

British Petroleum earned a favorable ruling Wednesday from a federal Appeals Court, AP reports, which determined that an earlier ruling on the company's settlement over the Gulf oil spill could force it to pay fraudulent or overestimated claims.

A panel of the U.S. Court of Appeals for the 5th Circuit said an earlier interpretation of the 2012 settlement could result in billions of dollars in unfair claims. BP spokesman Geoff Morrell said the ruling "affirms what BP has been saying since the beginning: Claimants should not be paid for fictitious or wholly nonexistent losses."


The settlement will be sent back to a district judge for further work.

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