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Gold/Mining/Energy : ATPG Shareholders

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From: Billy Bilgewasser	9/16/2014 1:40:35 PM
	of 3620

From Trefis: "BP Gets Support From The U.K. Government "The U.K. government has urged the U.S. Supreme Court to review the appeals court’s ruling against BP over the 2010 Deepwater Horizon incident that killed 11 workers and resulted in millions of barrels of oil being spilled into the Gulf of Mexico. BP requested for en banc review by all the active Fifth Circuit court judges after it was denied a permanent injunction on the settlement of business and economic loss claims not traceable to the oil spill earlier this year. "In May, the court rejected BPs argument that the claims administrator is misinterpreting the settlement agreement it entered into with the Plaintiffs Steering Committee (PSC) in 2012. If the Supreme Court also rejects BPs appeal, it could mean billions of dollars in additional settlement costs for the British oil giant. (See: BP Pins Hope On The U.S. Supreme Court To Limit Settlement Costs.) In a friend of court brief, the U.K. government stated that lower court rulings undermine confidence in the vigorous and fair resolution of disputes, thereby raising grave international concerns."

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