Deepwater Damages Claim Against BP for $77 Million Sent Back for Redo

A $77 million settlement award against BP Exploration & Production Inc. over damages allegedly caused by the Deepwater Horizon oil spill must be reconsidered, according to the Fifth Circuit, which held that a trial court must investigate whether there was a superseding cause for the losses.

Trammo Inc. was awarded more than $77 million as part of its business economic loss claim filed on March 8, 2013, due to damages the global ammonia and fertilizer supplier allegedly suffered from the spill in April 2010. Trammo was attempting to recover from the oil giant as part of a widespread settlement after ...