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BP drops effort to retrieve Gulf oil spill payouts

by Associated Press

NEW ORLEANS Nov 02, 2015 - 12:00 am GMT+3
by Associated Press Nov 02, 2015 12:00 am
Energy giant BP is ending its effort to recoup money it paid in economic damage claims to businesses and individuals under a settlement arising from the 2010 Gulf of Mexico oil spill. On Friday, the company filed a motion to withdraw an appeal over what it said were overpayments worth hundreds of millions of dollars and involving more than 790 businesses. After a 2012 settlement with businesses and individuals was approved, BP argued that the claims administrator had not been correctly matching business' revenues and expenses, resulting in overpayments.
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  • Last Update: Nov 02, 2015 1:24 am
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