BP asks Supreme Court to stay spill claims payouts
Oil giant BP Plc has filed an emergency appeal with the U. S. Supreme Court urging the apex court to order a subordinate court to reinstate the stay that it lifted, allowing claims administrator to start processing spill claims.
The emergency appeal was filed immediately after the New Orleans-based 5th U. S. Circuit Court of Appeals lifted an injunction that had prevented compensations being made. The lifting of the injunction will allow claims administrator Patrick Juneau to start processing BP spill claims. Juneau earlier said that he would quickly restart processing the claims as soon as the court allowed it.
However, that ruling doesn't mean that payments will start flowing immediately since the injunction was imposed in December, and the claims administrator has been ordered by a separate appeals court to adopt a new formula to match business claimants' revenues to their related costs when working out losses.
Requesting the court to block the payments again, the oil giant said that it could lead to payments of hundreds of millions of dollars to those who suffered no injury.
In the filing, BP lawyers argued that if the payments aren't blocked then "countless awards totaling potentially hundreds of millions of dollars will be irreparably scattered to claimants that suffered no injury traceable to BP's conduct."
The spill claims are related to the April 2010 explosion of the BP's Deepwater Horizon drilling rig and rupture of Macondo oil well. The calamity, which triggered the U. S.' largest offshore oil spill, killed 11 people.
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