Deadline Set for Responses to BP Fraud Allegations
A federal judge has set an Aug. 26 deadline for court-supervised claims administrator Patrick Juneau to respond to BP’s allegations that it has uncovered new allegations of fraud and conflicts of interest inside a settlement program that has awarded billions of dollars to Gulf Coast businesses and residents.
In an order Monday, U.S. District Judge Carl Barbier indicated he won’t hold a hearing on BP’s latest request for him to suspend settlement payments while former FBI Director Louis Freeh investigates alleged misconduct by a lawyer who worked on Juneau’s staff.
Barbier rejected the same request last month, but BP said it only recently learned of new evidence of “more widespread and potentially systemic improprieties” in the settlement program for compensating victims of the company’s 2010 Gulf oil spill.
- CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO
- California’s El NiƱo Emergency Begins Now as Beaches Erode
- Swiss Re: 100 Years After Miami Hurricane, Similar Storm Would Top $200B in Losses
- State Farm Says It’s Adding 3,000 More Jobs in Claims Next Year
- Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves
- Credit Acceptance Reaches $710M Predatory Auto Lending Settlement With Most States
- The Great Hemp Reset: How the Federal Ban on Intoxicating Hemp Products Will Reshape Risk and Coverage
- The Nation’s Insurance Laboratory: What Liability Trends in California Mean for the Rest of the Country