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BP oil spill settlement agreement upheld

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A federal appeals court in New Orleans rejected BP’s attempt to keep businesses from getting paid for oil spill losses and ruled that an injunction halting payments should be lifted. The Fifth U.S. Circuit Court of Appeals, by a 2-1 vote, supported a ruling made several months ago by the federal judge overseeing the court-supervised settlement agreement. U.S. District Judge Carl Barbier decided in December that the settlement allowed business economic loss claims to be paid without the additional…

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