BP PLC will take its bid to enforce its interpretation of the Deepwater Horizon oil-spill settlement to the U.S. Supreme Court.
BP announced the move on Wednesday, on the heels of the refusal by the en banc U.S. Court of Appeals for the Fifth Circuit to rehear panel decisions in a pair of appeals over the settlement, which the company estimates is now worth $9.2 billion. BP also plans to ask the Fifth Circuit to hold off issuing a mandate so that payments to claimants do not go forward until the U.S. Supreme Court can render a decision.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
