5th Circuit Grants BP's Request For Extended Stay Of Settlement Payouts

5th Circuit Grants BP's Request For Extended Stay Of Settlement Payouts

NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on Dec. 2 granted BP Exploration and Production Inc.'s request for a further stay of payouts from its $7.8 billion settlement to resolve economic loss claims stemming from the oil spill in the Gulf of Mexico and ordered the federal judge in Louisiana presiding over the multidistrict litigation to examine how the claims administrator is determining causation (In re: Deepwater Horizon, Nos. 13-30315, 13-30329, 5th Cir.).

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