BP appeals judge's interpretation of settlement terms resulting from spill

[JURIST] British Petroleum (BP) [corporate website] filed an appeal Wednesday contesting the March 5 order of the US District Court for the Eastern District of Louisiana [official website] which approved the methods being used to calculate losses by the administrator of the $8.5 billion settlement fund which was created following the 2010 Deepwater Horizon oil spill [BBC backgrounder]. BP is claiming [Bloomberg report] that the administrator of the fund, Patrick Juneau, has wrongly awarded settlements to entities with only "absurd"...

Source: http://jurist.org/paperchase/2013/04/bp-appeals-judges-interpretation-of-settlement-terms-resulting-from-spill.php

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