A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U.S. regulators said on Thursday. The Securities and Exchange Commission said that Keith A. Seilhan, 47, will settle the case without admitting or denying the charges. Mary McNamara, an attorney for Seilhan, said four years had passed since the spill, and her client wanted to "avoid further distraction and protracted litigation" by settling the matter. "Mr. Seilhan is widely respected for his work helping to lead the cleanup and containment efforts in the Gulf of Mexico in 2010," McNamara added.