NEW ORLEANS (AP) — A federal judge is set to hear BP's bid to temporarily block all settlement payments to Gulf Coast businesses and residents who claim they lost money after the company's 2010 oil spill.

U.S. District Judge Carl Barbier scheduled a hearing Friday to consider whether payments should be suspended while former FBI Director Louis Freeh investigates alleged misconduct by a lawyer who helped administer the settlement program.

BP says there is a risk that hundreds of millions of dollars in claims payments could be "tainted by fraud, corruption and malfeasance" unless the judge acts.

A team of plaintiffs' attorneys that brokered the multibillion-dollar settlement with BP say the company hasn't provided any evidence that court-supervised claims administrator Patrick Juneau has improperly paid any claims or wrongfully implemented any policies.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

feed-image RSS Feed
Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.75 ▼0.11 (-0.48%)
o Frank's International 17.06 ▲0.04 (0.24%)
o IberiaBank Corp 68.59 ▲1.19 (1.77%)
o LHC Group 24.63 ▲0.31 (1.27%)
o MidSouth Bancorp 18.84 ▼0.31 (-1.59%)
o Petroquest Energy 4.49 ▲0.13 (2.98%)
o PHI Inc. 42.51 ▼0.49 (-1.14%)
o Superior Energy 24.86 ▼0.12 (-0.48%)
o Stone Energy 23.84 ▼0.40 (-1.65%)
o Facebook Inc. 74.84 ▲0.73 (0.99%)
o Twitter Inc. 41.68 ▼0.12 (-0.29%)
o Gannett 31.29 ▲0.13 (0.42%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.75 Trade time:1:45PM EDT Value change:▼0.11 (-0.48%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:17.06 Trade time:1:42PM EDT Value change:▲0.04 (0.24%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:68.59 Trade time:1:45PM EDT Value change:▲1.19 (1.77%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:24.63 Trade time:1:46PM EDT Value change:▲0.31 (1.27%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.84 Trade time:1:24PM EDT Value change:▼0.31 (-1.59%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.49 Trade time:1:44PM EDT Value change:▲0.13 (2.98%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:42.51 Trade time:1:20PM EDT Value change:▼0.49 (-1.14%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:24.86 Trade time:1:45PM EDT Value change:▼0.12 (-0.48%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:23.84 Trade time:1:45PM EDT Value change:▼0.40 (-1.65%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:74.84 Trade time:1:46PM EDT Value change:▲0.73 (0.99%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:41.68 Trade time:1:46PM EDT Value change:▼0.12 (-0.29%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:31.29 Trade time:1:45PM EDT Value change:▲0.13 (0.42%)
Advertisement

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement