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BP (BP +0.6%) begins a more aggressive campaign to challenge settlement payouts related to the...

BP (BP +0.6%) begins a more aggressive campaign to challenge settlement payouts related to the 2010 Gulf of Mexico spill, running an ad blitz in some of the largest U.S. newspapers highlighting what it sees as unfairness of some of the spill claims against them and sending hundreds of letters to people it believes received some of those excessive payments.
Comments (5)
  • gvalen
    , contributor
    Comments (2) | Send Message
    BP has been aggressively targeted by US people who probably drive SUV. We are going to have Oil Spills and they cleaned up there mess. Leave them alone. Let them get on with producing energy.
    26 Jun 2013, 09:59 AM Reply Like
  • doc47
    , contributor
    Comments (1282) | Send Message
    Let's see the BP lawyers made a very bad deal with the Feds effectively giving the judge carte blanche in deciding who deserves what with no real checks and balances. Now the same BP lawyers are going to demand some money back! I see the BP lawyers and the "defendants" lawyers winning, not BP shareholders.
    26 Jun 2013, 10:15 AM Reply Like
  • Ludo5312
    , contributor
    Comments (108) | Send Message
    It is about time this non-sense 'extracting and greed' stops. However, I cannot imagine that the lawyers are going to be losing much sleep... it is at best a PR campaign.
    26 Jun 2013, 10:37 AM Reply Like
    , contributor
    Comments (2006) | Send Message
    I saw first hand the waste, abuse, and outright fraud 20 years ago when Hurricane Andrew hit south florida. Lots of free money to be had if you were willing to stand in long lines and lie. These programs, no matter how well intended, brings scamsters out in droves. Takes away from folks who accurately represent their losses and in true need of assistance.
    26 Jun 2013, 12:21 PM Reply Like
  • PMRoth
    , contributor
    Comments (28) | Send Message
    Barbier appointed Patrick Juneau to administer the settlement program and upheld Juneau's interpretation of settlement terms that govern how businesses' pre- and post-spill revenue + expenses. Plaintiffs' attorneys are saying the payments to businesses were clearly spelled out in the agreement, so perhaps BP indeed undervalued the settlement and underestimated how many would qualify for payments. Still Long BP though.
    27 Jun 2013, 09:05 AM Reply Like
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