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WASHINGTON (AP) — The Supreme Court is leaving in place BP‘s multibillion-dollar settlement with lawyers for businesses and residents over the 2010 oil spill in the Gulf of Mexico.
The justices did not comment Monday in rejecting the London-based oil giant‘s arguments that lower courts misinterpreted settlement terms and put BP on the hook to pay inflated and bogus claims by businesses.
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BP wanted the court to consider whether people and businesses seeking payments under the settlement included individuals who haven‘t actually suffered any injury related to the spill.
The settlement doesn‘t have a cap, but BP initially estimated that it would pay roughly $7.8 billion to resolve the claims. But now the company says it can no longer give a reliable estimate for how much the deal will cost.