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Businesses won’t have to return BP spill payouts

By JANET MCCONNAUGHEYJONATHAN FAHEY
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Businesses won’t have to return BP spill payouts

NEW ORLEANS (AP) — A federal judge has ruled BP must stand by the agreement made with the companies it compensated for losses after the 2010 Gulf oil spill despite the oil giant saying some claims were overestimated.

BP argued that a flawed funding formula enabled nearly 800 businesses to overestimate their spill-related claims.

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