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BP Loses Renewed Bid to Halt Spill Settlement Payments [USA]

BP Plc lost a renewed bid to suspend payments from the court-supervised program administering its settlement of claims tied to the 2010 Gulf of Mexico oil spill. An investigation of alleged wrongdoing at the Mobile…claims assistance center didn’t find “any credible evidence of fraud,”…[Judge] Barbier last month rejected the company’s request to stop the payments while…former director of the Federal Bureau of Investigation, probes allegations of misconduct in the claims program. BP renewed the request Aug. 5…BP faces thousands of lawsuits over damages caused by the explosion and sinking of the Deepwater Horizon rig in 2010...BP reached the agreement with most private party plaintiffs last year, initially estimating the cost of the settlement at $7.8 billion. The company has since raised the estimate to $9.6 billion…

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