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BP is due in court today in an appeal against the way claims administrator Patrick Juneau is...

BP is due in court today in an appeal against the way claims administrator Patrick Juneau is overseeing payments to businesses affected by the 2010 Gulf oil spill as part of a compensation settlement. The company wants the payouts stopped while an inquiry is started into the payouts, arguing that Juneau's loose understanding of the terms of the agreement allows unaffected businesses to receive money they don't deserve. BP has warned that its profits could hit by the issue.
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Comments (8)
  • TheLittleGoat
    , contributor
    Comments (105) | Send Message
    Crazy some of the payout stories I have read. BP should pay its fair share but some of it sounds way overboard.
    8 Jul 2013, 06:25 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4276) | Send Message
    BP got screwed by Juneau's interpretation of the settlement agreement. Plaintiffs also have the help of a plaintiff plant inside Juneau's office who is now being investigated for receiving kickbacks. There is no love lost for BP on the Gulf Coast but it would be a shame if the Fifth Circuit allowed the fraud to continue.
    8 Jul 2013, 08:42 AM Reply Like
  • snugbub
    , contributor
    Comments (7) | Send Message
    bp is getting ripped off, and every one knows it....
    8 Jul 2013, 08:45 AM Reply Like
  • tomlos
    , contributor
    Comments (1253) | Send Message
    I trimmed some of my BP recently and moved it into something more productive... I still hold a bunch, just wondering when this will all get resolved.
    8 Jul 2013, 09:55 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4276) | Send Message
    BP is in trial now with the fishermen who are demanding punitive damages. The state AGs are next in line. It should take no more than five years to conclude all of the litigation unless BP craters to the plaintiffs' demands.
    8 Jul 2013, 11:05 AM Reply Like
  • basser13
    , contributor
    Comments (2) | Send Message
    turn lawyers loose with a blank check and a percent fee what would you expect.this is really sorry for a company trying to be fair.
    8 Jul 2013, 11:41 AM Reply Like
  • Thomas L. Young
    , contributor
    Comments (12) | Send Message
    Remember, BP penned this agreement, not the claimants. It is hard to interpret the language in any manner other than how it is currently being interpreted. It says what it says. Period.


    Now BP blames the Judge for the "misinterpretation". BP blames the Claims Administrator. BP blames the accountants. BP blames the lawyers. The only party BP does not blame is BP.


    Worse, it blamed the people and businesses of the Gulf who did nothing but play by BP’s rules as the company wrote them.


    The following is part of the undisputed factual record:

    10 Jul 2013, 03:38 PM Reply Like
  • TheLittleGoat
    , contributor
    Comments (105) | Send Message
    BP should have never setup a fund for repayment and should have just took on each claim on a case-by-case fight. I think going forward, no company facing claims against them will ever do what BP did and try setup fund early but instead fight, fight, fight.
    11 Jul 2013, 08:02 AM Reply Like
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