5th Circuit Tells Judge To Determine If Management Fees Are Fixed Costs

(February 12, 2019, 11:36 AM EST) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel on Feb. 8 ordered the federal judge in Louisiana presiding over the multidistrict litigation court for suits over damages caused by the oil spill in the Gulf of Mexico that followed the April 20, 2010, explosion of the Deepwater Horizon oil rig to review an appeal brought by BP Exploration & Production Inc. over a finding that management fees paid by a claimant to its parent company are a fixed fee that should not be deducted from its variable income (BP Exploration & Production Inc. v. Claimant Id 100185315, No. 18-30331, 5th Cir., 2019 U.S. App. LEXIS 4007)....

Attached Documents

Related Sections