- BP asked U.S. District Judge Barbier yesterday to make restitution of hundreds of millions of dollars in "erroneous" payments to Gulf coast businesses - plus interest and attorneys' fees - under its multibillion-dollar oil spill settlement.
- BP said “a vast number" of claimants were "unjustly enriched" before the court wrote its new policy in May that reversed accounting rules on how certain cash-based businesses are compensated for losses related to the 2010 Gulf of Mexico spill.
- As examples, BP cited a seller of animal skins who was overpaid by $14M and a construction company hundreds of miles away from the Gulf who received $8.4M; letting these awards stand uncorrected "would violate basic principles of fairness and equity," BP maintained.
- Claimants' lawyers said it is just another attempt by BP to back out of its commitments.
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