5th Circuit Orders Oil Spill MDL Judge To Review Settlement Agreement

5th Circuit Orders Oil Spill MDL Judge To Review Settlement Agreement

NEW ORLEANS - A divided Fifth Circuit U.S. Court of Appeals panel on Oct. 2 affirmed the dismissal of BP Exploration and Production Inc.'s breach of contract suit against the administrator of the Gulf Coast Claims Fund (GFFC), but ordered the judge presiding over the multidistrict court for litigation stemming from the explosion of the Deepwater Horizon oil rig and ensuing oil spill in the Gulf of Mexico to review the terms of the settlement agreement regarding payouts for business economic losses (BEL) (In re: Deepwater Horizon, Nos. 13-30315, 13-30329, 5th Cir.).

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