LONDON (Alliance News) - The US Supreme Court ruled Monday that British oil giant BP PLC must continue paying compensation for damage done by the April 2010 oil spill in the Gulf of Mexico while the company appeals terms of its settlement with some businesses.
The US Supreme Court said it will not interfere with a lower court's decision requiring BP to restart payments.
In 2012, BP reached an agreement with the majority of plaintiffs in the private sector to cover damages for a value of some USD7.8 billion.
The company argued that an erroneous interpretation by the claims administrator contributed to raising the cost to more than USD9.2 billion.
Copyright RTT News/dpa-AFX
BP (BP.)
