BP loses bid to block seafood fund payments

BP had sought to block the payments after alleging that some individuals supposedly injured by the spill, clients of attorney Mikal Watts, did not exist. District Judge Carl Barbier in New Orleans, who is overseeing litigation stemming from the spill, denied the motion on Wednesday, according to an entry on the court docket. The judge also granted Watts's motion to stay BP's civil action against him over the alleged fraud pending a related federal criminal investigation. Also on Wednesday, a federal judge in a related case indefinitely postponed a criminal trial set to begin March 10 for David Rainey, a former vice-president of exploration for the Gulf of Mexico.

via Business News - Yahoo Finance http://ift.tt/1kaCA6V