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The appeals court’s order yesterday “again underscores that the implementation” of the settlement “has veered off course,” Geoff Morrell, BP’s spokesman, said in an e-mail. “If properly implemented by the district court, the Fifth Circuit’s order will help return the settlement to its original, intended and lawful function –- the compensation of claimants who sustained actual losses that are traceable to the Deepwater Horizon accident.”
Morrell said the appellate order further supports BP’s contention that “continued violation of the settlement agreement’s clear terms” creates legal problems that “threaten to invalidate the entire settlement unless corrected.”
Lawyers for spill victims have claimed in court filings that BP is trying to renegotiate a deal that is proving more costly than it intended. They contend BP is suffering from “buyer’s remorse.”
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