|BP loses appeal over spill payouts|
|News - St Augustine Area & St Johns County|
In a setback for London-based BP, a New Orleans appellate court turned down the oil giantís effort to block payments to businesses whose damage claims could not be clearly traced to the massive oil spill in the Gulf of Mexico in 2010.
The U.S. Court of Appeals for the 5th Circuit on Monday night rejected BPís argument that a court-appointed claims administrator had misconstrued the terms of a settlement. It ordered BP to pay damages to undeserving businesses claiming losses that had no connection to the oil spill.
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