Wednesday, February 26, 2014 9:29 am
Fraud allegations at center of oil spill hearing
The oil giant sought the delay because of investigations into alleged fraud by a Texas lawyer.
BP argues the $2.3 billion it agreed to put into the oil spill seafood compensation fund was inflated, based on the belief that Mikal (MEYE'-kahl) Watts represented more than 40,000 clients.
BP claims that more than half of the Social Security numbers on Watts' client list were fake.
More than $1 billion of the fund has been distributed. BP wanted a second round of payments suspended.
U.S. District Court Judge Carl Barbier on Wednesday said a suspension was unnecessary because the second round of payments is months away.