Business

BP moves to block spill payouts to businesses

NEW ORLEANS — BP sued Friday to block what could be billions of dollars in settlement payouts to businesses over the 2010 Gulf of Mexico oil spill.

The London-based oil giant accused the court-appointed administrator for the settlement, Patrick Juneau, of trying to rewrite the terms of the deal. BP said Juneau violated the settlement in the way he used a complex formula to determine the payments to businesses.

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Last week, BP warned investors that the settlement’s price tag will be ‘‘significantly higher’’ than initially estimated.

US District Judge Carl Barbier appointed Juneau and has upheld his decisions for calculating payments. Juneau’s spokesman declined to comment on BP’s lawsuit.

Associated Press

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