BP Spill Pact Excluded Billions in Possible Loss Claims

Bloomberg: Bill Floyd, owner of an upscale seafood restaurant near downtown Houston, is a poster-child for the type of damage claim BP Plc (BP/) left out of its $8.5 billion settlement for the biggest offshore oil spill in U.S. history. When the energy company's blown-out Macondo well dumped more than 4 million barrels of crude oil into the Gulf of Mexico in 2010, Floyd saw his costs for fresh shrimp, crab and oysters almost double overnight while his sales flat-lined. "Ninety percent of our menu comes...

URL: http://www.bloomberg.com/news/2013-02-22/bp-spill-pact-excluded-billions-in-possible-loss-claims.html
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