BP (BP.L) is falling after the US courts upheld a decision made by the federal court to approve the multi million pound Seafood Compensation Program. It means BP will be forced to continue paying out to businesses and individuals who lost money in the Gulf of Mexico Oil spill disaster, even though BP claims that payments have been approved for fictitious claims, or to those without actual damages.
“BP will continue to press its position on the proper interpretation of the settlement agreement’s provisions requiring a causal nexus between a claimant’s injury and the spill,” BP spokesman Geoff Morrell said.
BP (BP.L) is falling after the US courts upheld a decision made by the federal court to approve the multi million pound Seafood Compensation Program. It means BP will be forced to continue paying out to businesses and individuals who lost money in the Gulf of Mexico Oil spill disaster, even though BP claims that payments have been approved for fictitious claims, or to those without actual damages.
“BP will continue to press its position on the proper interpretation of the settlement agreement’s provisions requiring a causal nexus between a claimant’s injury and the spill,” BP spokesman Geoff Morrell said.
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