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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