By TONI ELLINGTON
On May 28, 2014, U.S. District Court Judge Carl Barbier ordered BP to resume payments of business loss claims. BP had asked for payments to be stayed pending its appeal to the U.S. Supreme Court of the Fifth Circuit Court of Appeals’ ruling last week that the terms of the Settlement Agreement would stand.
Under the Settlement Agreement, businesses that experienced economic losses after the Gulf of Mexico oil spill need not submit proof of causation. Businesses in certain zones can recover from the settlement if they can show loss of income following the 2010 Deepwater Horizon disaster.
The Fifth Circuit wrote that the Settlement Agreement was put together “with input and assent from BP.” The Fifth Circuit denied BP’s request to stay the execution of its opinion.
Judge Barbier’s order on May 28, 2014, vacated the injunction which was in place against paying the business loss claims. BP has not filed an application to stay the mandate while it seeks Supreme Court review.
For further information, or for assistance with a BP economic loss claim, contact Toni Ellington at (504) 599-8502.