Judge rejects BP's bid to shut down Gulf spill payments

|About: BP p.l.c. (BP)|By:, SA News Editor

BP's latest bid to temporarily halt payments under its $9.2B oil spill settlement in order to establish improved accounting and fraud safeguards was rejected today by Judge Barbier in New Orleans.

BP, which believes widespread fraud and a faulty interpretation of settlement terms have prompted the payment of millions of dollars in unwarranted claims for damage from the 2010 Gulf of Mexico oil spill, was requesting new computer cross-checking programs to automatically single out claims from some regions and industries or in excess of certain amounts for "enhanced due diligence and closer scrutiny."