Company News: Judge Rules Against BP Attempt to Suspend Payments

Written By Unknown on Sabtu, 20 Juli 2013 | 15.49

A federal judge denied an attempt by BP to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill while an investigator looks into possible misconduct in the payout process. The payments are being made under a program set up under a settlement BP signed last year. Judge Carl J. Barbier, who is overseeing the consolidated spill-related civil case against BP and its contractors, ruled on Friday that there was nothing to prove the "mass of claims" was not being properly evaluated. Under its settlement signed last year, BP agreed to a compensation formula and framework covering certain personal and business liabilities. The company insists the formula is being misinterpreted, but Judge Barbier has already ruled against BP, which has appealed. A United States appeals court is considering the case.


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