The Supreme Court maintained a settlement for the class action case of the Deepwater Horizon explosion. This rejects BP PLC’s request of getting justices to review claims of payouts that went to businesses that didn’t suffer any damage from the Gulf of Mexico oil spill in 2010.
The firm believes the settlement it took in 2012 were very loosely administered, allowing some businesses to rake in payments even without proof that they were financially affected by the spill.
Early this year, the 5th U.S. Circuit Court of Appeals in New Orleans shot down BP’s arguments in a 2-1 ruling with the firm agreeing to the terms in exchanging to avoiding trial and efficient ways to resolving the claims.
BP indicated the class action rules excludes payments to entities that weren’t affected by the oil spill. The SC early this week turned down the firm’s challenge to the ruling.
BP is still concerned the program is making payments to claims not related to the disaster