BP suffers yet another setback over 2010 oil spill claims

|About: BP p.l.c. (BP)|By:, SA News Editor

BP (BP) has again failed in its attempt to limit the amount of compensation it will have to pay for the 2010 Gulf oil spill, with a 13-judge Fifth Circuit Court of Appeals confirming lower-court rulings and rejecting the company's request to force claimants to prove a direct link between the disaster and any losses they may have suffered.

BP could now appeal to the Supreme Court.

The company, which has so far taken a cumulative pretax charge of $42.7B for the spill, argues that forcing it to pay what it has said are "wholly fictitious" compensation claims will cost it billions of dollars extra.