5th Circuit Upholds Sign Maker’s $2M Oil Spill Settlement Award

(March 29, 2019, 11:20 AM EDT) -- NEW ORLEANS — A sign maker’s $2 million award for damages incurred as a result of the oil spill in the Gulf of Mexico that followed the explosion of the Deepwater Horizon oil rig was upheld March 28 by a Fifth Circuit U.S. Court of Appeals panel after it found that the company’s $900,000 research and development project was properly characterized as a variable cost (BP Exploration & Production Inc., et al. v. Claimant ID 100261922, No. 18-30844, 5th Cir., 2019 U.S. App. LEXIS 9266)....

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