BP to fight on despite Gulf compensation setback

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

BP (BP) will continue its battle against "inflated, exaggerated or wholly fictitious" compensation claims related to the 2010 Deepwater Horizon disaster, the oil company said.

BP's comments come after the 5th U.S. Circuit Court of Appeals on Friday upheld Judge Carl Barbier's approval of a multibillion-dollar settlement agreement over the company's objections.

BP is fighting Barbier's ruling that it has to pay businesses that weren't directly affected by the disaster, which the firm says has cost it hundreds of millions of dollars in unjustified payments.