Not a Lexis Advance subscriber? Try it out for free.

Mealeys

Mealey's Toxic Tort/Environmental - 5th Circuit Upholds Walmart's $15M Award On Oil Spill Claims

NEW ORLEANS - A Fifth Circuit U.S. Court of Appeals panel on Jan. 14 upheld five awards totaling $15 million that were issued to Wal Mart Stores East L.P. (Walmart) for business and economic losses (BEL) sustained as a result of the oil spill in the Gulf of Mexico that followed the explosion of the Deepwater Horizon oil rig, holding that changes in the retailer's accounting system were sufficiently addressed when calculating profits and losses were properly addressed by the Court Supervised Settlement Program (CSSP) and the CSSP appeals panels that reviewed the awards (BP Exploration & Production Inc., et al. v. Claimant ID 100354107, No. 18-31115, 5th Cir.).
Find full version on lexis Advance®