October 6, 2014; Insurance Journal BP is challenging the settlements that have been made to nonprofits to cover damages they claim they experienced as a result of the 2010 Gulf of Mexico spill. As readers may know, claims for damages were screened by an administrator acting for BP, but BP now claims that some hundreds of millions of dollars worth of those determinations were based on faulty understandings of what BP agreed to cover. On Monday, BP argued to the U.S. Court of Appeals in New Orleans that the administrator of its settlement program misunderstood the deal, resulting in hundreds of thousands of dollars going to nonprofits that each claimed they had received fewer grants and donations after the spill than before. BP asserts that this misinterpretation “will impose sweeping liability on BP for claims that it never agreed to compensate.” https://nonprofitquarterly.org/policysocial-context/24943-bp-tries-to-reverse-gulf-oil-spill-awards-to-nonprofits.html Lawyers for victims worry that this is being used as a test case; they warn that successful challenges here could open the door to challenges of hundreds of thousands of individual damage-claim awards. To date, almost every court decision since the deal was approved has gone against BP, but the company has appealed to the U.S. Supreme Court to review and check the interpretation of the realm of what is to be covered under the settlement. The Supreme court has not decided if it will hear that case/
Posted on: Sun, 12 Oct 2014 13:05:01 +0000
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