5th Circuit Affirms Denial Of Oil Spill Claim For Related Transactions Revenue

Mealey's (January 9, 2018, 4:48 PM EST) -- NEW ORLEANS — A federal judge in Louisiana did not err when refusing to review the denial of a man’s claim for compensation under the Deepwater Horizon Economic & Property Damages Settlement Agreement, a Fifth Circuit U.S. Court of Appeals panel ruled Jan. 9, finding that a policy in the agreement excludes transactions that are not arm’s length transactions as revenue (Claimant ID 100190818 v. BP Exploration & Production Inc., et al, No. 17-30099, 5th Cir.)....