The United States Supreme Court last week rejected British Petroleum's (BP) plea to halt payments under the settlement agreement. BP had appealed District Court Judge Barbier's findings to the Fifth Circuit Court of Appeals. The Fifth Circuit issued a ruling rejecting BP's argument that the settlement agreement was unfair and would dole out billions to businesses whose claims were unrelated to the oil spill disaster. BP then appealed the Fifth Circuit's ruling to the Supreme Court, who refused to hear the matter.
This is a huge victory for all of those businesses that were affected by the tragic environmental disaster. BP has tried to do everything it could do to get out of the deal that their lawyers and hired CPA firms reviewed and advised to sign.
