5th Circuit: Some Methods Of Calculating Claims Are Inconsistent With Agreement

Mealey's (May 23, 2017, 1:32 PM EDT) -- NEW ORLEANS  — Four industry specific methodologies (ISMs) for calculating claimant compensation under the Court Supervised Settlement Program for the Deepwater Horizon Economic and Property Damages Class Action Settlement are inconsistent with the agreement, a Fifth Circuit U.S. Court of Appeals panel ruled May 22, finding that the methods allow the claims administrator to remove revenue from the requested compensation period and spread it throughout noncompensation months (In re Deepwater Horizon:  Lake Eugene Land & Development, Inc. et al. v. BP Exploration & Production, Inc., et al., No. 15-30377, 5th Cir.,  2017 U.S. App. LEXIS 8915)....