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Federal Appeals Court Rules in Favor of BP
BPs efforts to prevent what it says are fraudulent damage claims gained a significant boost. The 5th U.S. Circuit Court of Appeals voted 2-1 to dismiss a ruling by a lower U.S. District judge.
BP argued that the ruling by District Judge Carl Barbier regarding the oil companys settlement of private damages left the company susceptible to fraudulent claims. The Circuit Court agreed and sent the case back to Judge Barbier with the order that he issue a, narrowly-tailored injunction that allows the time necessary for deliberate reconsideration of these significant issues.
BP initially had estimated it would pay $7.8 billion dollars in claims but as the claims began to come in that estimate was retracted.
During the trial BP executive James Dupree admitted that the company could have capped the well sooner if BP had built a well cap before the Deep Water Horizon disaster of 2010. The well was successfully capped 87 days after the explosion. Dupree also admitted that building the cap would have been relatively inexpensive.