Saturday, July 26, 2014





BP challenges 'fictitious' claims from oil spill


May 16. 2013 7:37AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) BP is seeking to stop paying millions of dollars in what it calls spurious compensation claims stemming from the catastrophic 2010 oil spill in the Gulf of Mexico.


The company warned Thursday that the excessive claims are jeopardizing its financial prospects.


It has sought an injunction in U.S. courts, arguing that Gulf coast businesses are pursuing multi-million dollar claims for "non-existent, artificially calculated" losses.


The disaster cost 11 lives and caused extensive damage to the fishing and tourism industries in addition to widespread environmental damage. The company earlier agreed to pay billions of dollars in compensation but now seeks to halt what it feels are unjustified claims.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds