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BP's compensation payouts under the settlement for victims of the 2010 Gulf of Mexico spill are...

BP's compensation payouts under the settlement for victims of the 2010 Gulf of Mexico spill are on course to hit the company’s earnings before year-end unless it is successful in a legal challenge to be heard in court next week, FT reports. BP has been paying via the $20B trust fund for spill victims it set up in 2010, but commitments had reached $18.3B by March, leaving just $1.7B for future claims.
Comments (4)
  • I would think most legit claims have been paid. Shirttail claims will now pour in. Hopefully BP will be smart enough to toss those.
    2 Jul 2013, 05:50 PM Reply Like
  • It looks like they tried to not stonewall claims and are now paying a hefty price. Everyone and their brother coming with their hand out. And the folks in Louisiana just saying "well duh of course theres gonna be a feeding frenzy" http://buswk.co/17G0wGL
    2 Jul 2013, 06:47 PM Reply Like
  • It's worth repeating that the Obama Administration should be partially liable for claims because they procrastinated for just over one month the expert assistance from the Netherlands, Norway and Great Britain. The reason is that the Gulf maritime unions did not want foreign companies to help. As it turned out they did not have the proper ships and experience.

     

    It's almost criminal that this administration is not held to task for this.
    2 Jul 2013, 08:02 PM Reply Like
  • Read my article about BP here:

     

    http://seekingalpha.co...

     

    I have factored in another $10B in contingent liabilities into the stock price.
    3 Jul 2013, 12:10 AM Reply Like
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