Text Size:
A | A

BP Asks Court To Stop Seafood Payments for Fraud Probe

Text Size: A | A
December 18, 2013

On Dec. 17, BP Plc (NYSE: BP)asked a federal judge to stop payments in the $2.3 billion seafood-industry portion of its settlement over the 2010 U.S. GoM oil spill, pending an investigation of fraud claims against a plaintiffs’ attorney, Mikal Watts. BP sued Watts the same day. BP alleges that Watts fraudulently claimed to represent more than 40,000 spill victims in the seafood industry, primarily crew members of fishing boats. BP officials said the U.S. Justice Department is investigating whether Watts falsified client lists tied to oil-spill compensation claims by ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription