In June, BP moved to recover “inflated” payouts. This request comes after courts recently restructured a policy for calculating losses incurred by the incident. Now, businesses must factor in expenses when making their claim.
Plantiffs’ attorneys are urging the claim to be thrown out on a number of grounds. First, lawyers say that BP cannot identify any settlements that violate the terms that was previously agreed upon. They also argue that past settlements are binding, and the new terms only apply to future cases.
The Supreme Court is expected to weigh in on this matter later this year, or early next year.
Many businesses and residences on the coast have been negatively impacted by the Gulf of Mexico oil spill. BP has instituted the Deepwater Horizon Claims Center to cater to people filing claims regarding the incident. Unfortunately, BP has appealed most of these claims. Instead, seek the council of our dedicated attorneys at the Williams Kherkher Law Group by dialing 800-821-1544 when dealing with these matters.