BP calls for changes in calculation of Gulf spill-related claims

06/27/2013 | Reuters

BP has begun an ad campaign seeking changes in the calculation of 2010 Gulf of Mexico oil spill-related claims, saying the formula for such estimates is being misinterpreted. "Trial lawyers and some politicians are attempting to capitalize on this misinterpretation by encouraging the submission of thousands of claims for inflated losses, or losses that do not even exist," according to BP. The company said it could be "irreparably harmed" by the excessive payments.

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