BP Exploration and Production failed to persuade the U.S. Supreme Court that it should rule on its appeal of decisions by two lower courts that agreed that businesses with Deepwater Horizon claims against the corporation do not need to produce evidence that those claims arose as a result of the oil spill. The denial, which preserves opinions by the U.S. District Court for the Eastern District of Louisiana and the U.S. Court of Appeals for the 5th Circuit, may provide BP with no alternative to paying out billions of dollars to resolve business-economic-loss (BEL) claims. The case involves differing interpretations of an agreement signed by BP and the businesses on April 12, 2012, to settle BEL claims against BP without litigation. The agreement was approved by the district court in December 2012.
展开▼
