Thursday, December 11, 2014
U.S. Supreme Court declines to hear BP case challenging oil spill damages
On Monday the U.S. Supreme Court rejected BP's challenge to its multibillion-dollar settlement agreement for the 2010 Gulf of Mexico oil spill, which the company asserts has included payouts to some businesses that cannot trace their losses to the disaster.
The court's decision not to hear the oil giant's appeal is the latest disappointment for BP, which is trying to limit payments over a disaster that killed 11 people and triggered the largest U.S. offshore oil spill.
For more of the Reuters story: www.reuters.com
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