BP Plc (BP/)’s $9.2 billion partial settlement over the 2010 Gulf of Mexico oil spill was upheld by an appeals court over the company’s protest that the deal wasn’t valid unless a claims-payment dispute was resolved in its favor.
The U.S. Court of Appeals in New Orleans yesterday also upheld a lower-court judge’s certification of the settling plaintiffs as a class and rejected arguments that the agreement couldn’t be approved because it inconsistently compensated victims with the same...
