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BP in federal appeals court today over settlements
Oil giant BP is going before a federal appeals court today over billions of dollars in settlement payouts.
The company says the claims administrator allowed thousands of businesses to secure hundreds of millions of dollars in payments for inflated and fictitious losses.
BP wants the panel to overturn a judge's ruling that upheld a court-appointed claims administrator's interpretation of the settlement
The plaintiffs' lawyers say BP underestimated how many claimants would qualify for payments.