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BP Secures Freeze Of Some Gulf Spill Settlement Payments

By Sean McLernon ( October 4, 2013, 2:37 PM EDT) -- The Louisiana federal judge overseeing the Deepwater Horizon oil spill multidistrict litigation ordered the claims administrator of BP PLC's estimated $7.8 billion settlement to suspend some payments on Thursday following a Fifth Circuit ruling overturning the administrator's interpretation of the deal....

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