New Ruling Means BP Has to Pay More in Settlements
This is a case of judges looking over other judges rulings. It is also a case of BP wanting to change the rules after the public outcry has subsided. In this case the new ruling basically instructs courts to stick with the original plan of compensating all of those who say they were affected by the Deepwater Horizon oil spill in 2010.
According to WWL BP had agreed in a 2012 settlement to pay claims without requiring proof that losses were directly caused by the spill resulting from the explosion of the Deepwater Horizon oil rig. Well BP soon found out that the "without requiring proof that losses" clause was just like saying "come get a check" to those who would abuse the system. So BP tried to recant this statement and policy.
A federal Appeals Court judge ruled Monday that an earlier court decision would be upheld and BP would not be allowed to change the rules. This could result in the continuation of many suits that were put on hold and countless new litigation. You will probably be subjected to new lawyer commercials soon.