A US judge has decided integrated oil company BP won't face claims for damages over the 2010 Gulf of Mexico oil spill brought by recreational users, company-branded gas station owners and businesses alleging loss of reputation.
US District Judge Carl Barbier removed these categories of claims from more than 500 lawsuits.
An estimated $7.8bn settlement between BP and lawyers, intended to compensate claims for economic damage, did not include these claims and will be unaffected by the ruling.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
CM
