BP Spill Fund Shortchanged Victims By $64M, Audit Finds

Law360, New York (April 19, 2012, 8:20 PM EDT) -- An independent auditor has discovered that the fund set up for victims of the BP PLC oil spill off the Gulf Coast underpaid 7,300 claimants by more than $64 million, the U.S. Department of Justice said Thursday.

Attorney General Eric Holder ordered an audit of the Gulf Coast Claims Facility in the summer of 2011, following a visit to the area in which he received complaints from individuals and small businesses about the process. The agency hired a private firm, BDO Consulting, to perform the audit....
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