5th Circuit: Settlement Panel Properly Classified Claimant’s Costs, Business

(May 22, 2019, 8:36 AM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel on May 7 ruled that an appeals panel for the Deepwater Horizon Economic and Property Damages Settlement Agreement Court Supervised Settlement Program (CSSP) did not err when finding that equipment rental expenses were fixed costs under the terms of the agreement and that the company was not a developer that would be precluded from submitting a claim to the settlement program (BP Exploration & Production Inc. v. Claimant ID 100212052, No. 18-30588, 5th Cir., 2019 U.S. App. LEXIS 13946)....

Attached Documents

Related Sections