NEW ORLEANS (AP) – A federal judge has ruled that BP must stand by the agreement made with the companies it compensated for losses after the 2010 Gulf oil spill despite the oil giant saying some claims were overestimated.
BP argued that a flawed funding formula enabled nearly 800 businesses to overestimate their spill-related claims.
One construction company hundreds of miles from the coast received $13.2 million, but deserved $4.8 million at most, BP said. Another company selling “animals and animal skins” was overpaid about $14 million, and about 50 others shouldn’t have been paid at all, the company said.
About 150 claimants should return a total of $185 million, and overpayments to the rest haven’t been calculated, attorney Kevin Downey argued.
U.S. District Judge Carl Barbier was not persuaded Wednesday, thwarting BP’s latest attempt to control potential liabilities now approaching $50 billion.
