BP seeks Gulf settlement payback

Firm says many spill claimants were overcompensated

DERICK E. HINGLE Credit: Bloomberg News Ships skim oil from the water near the BP Deepwater Horizon oil spill in the Gulf of Mexico in June 2010. NEW ORLEANS — Attorneys for BP told a federal appeals court Thursday that the company should be able to get back some of the money it paid in economic damage claims to businesses and individuals under a settlement arising from the 2010 Gulf of Mexico oil spill.

After the 2012 settlement was approved, BP argued that the claims administrator had not been correctly matching businesses’ revenues […]