BP's tough talk will backfire, Gulf spill lawyer says

BP's hard-line legal tactics aimed at capping the financial blowout from the 2010 Gulf of Mexico oil disaster will backfire, the negotiator of last year's settlement on behalf of more than 100K compensation claimants tells Reuters.

BP has "made a vast strategic error by fighting and shifting this whole battle to an attack on the people of the Gulf," Joe Rice says. "Any goodwill they built on trying to do the right thing, they have destroyed."

BP is rapidly changing from a big oil producer into a big law firm, Business Week writes, with a substantial part of the company now effectively operating as a law firm. (earlier: I, II, III)

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Comments (17)
  • Teddie
    , contributor
    Comments (194) | Send Message
    Typical lawyer wants a free ride. Free loaders can only milk a cow so long before it falls over dead.
    15 Aug 2013, 06:55 PM Reply Like
  • doc47
    , contributor
    Comments (1831) | Send Message
    I repeat, not just for myself, but many others here of like sentiments: BP is run by morons and the stock performance proves it!
    15 Aug 2013, 06:55 PM Reply Like
  • Davidalpha
    , contributor
    Comments (14) | Send Message
    doc47 you don't have a clue as to how badly BP has been "raped" by LA law and the EPA! You don't have a clue-believe me--so until you do, why not shut up!
    15 Aug 2013, 10:45 PM Reply Like
  • doc47
    , contributor
    Comments (1831) | Send Message
    More to the point you and your fellow BP fns don't have a clue of what oil stock to buy. Why don't sell this "raped" loser?!
    15 Aug 2013, 11:29 PM Reply Like
  • williamsteitz
    , contributor
    Comments (12) | Send Message
    Louisiana courts are a world unto themselves. They follow their own set of rules. BP has been put in a position to draw the line and, of course, the Louisiana Judge Barbier does not like anyone to tell him how to run his court. The idea that BP is fighting the British War of 1812 all over again........is senseless. I lived in Louisiana for many years. There were sections of Louisiana I drove through and almost always got a speeding ticket. (I had Illinois plates). I always made sure I was driving under the posted speed limit. Now, none of these tickets ever showed up on my driving record........but the Louisiana Judge always got my money. BP is tired of paying all these illegal speeding tickets...........and it doesn't have anything to do with the War of 1812.
    15 Aug 2013, 07:36 PM Reply Like
  • Hendershott
    , contributor
    Comments (1889) | Send Message
    As long as BP has money there will be lawyers trying to get some of it. There are still ongoibg lawsuits about the Exxon Valdez. Apparently it's the American way.
    15 Aug 2013, 08:45 PM Reply Like
  • inspectorjavert
    , contributor
    Comments (118) | Send Message
    BP has no choice but to go on the offensive. The CEO and board have a fiduciary responsibility to the shareholders of the company, and right now we are being bled dry by skumbhag lawyers and corrupt politicians in the Gulf states. This action is their only option. When you back something into a corner, it will come out fighting. I say "F" these greedy bottom-feeders; let's drag this on until the sun burns out - no more money for any more of them. BP has paid more than enough.
    15 Aug 2013, 09:49 PM Reply Like
  • maudie
    , contributor
    Comments (489) | Send Message
    Law firms are still advertising for any business that had any downturn in business to call them and they state that you don't have to prove damage was from the spill. BP's mistake was agreeing to those terms in the beginning.
    15 Aug 2013, 09:58 PM Reply Like
    , contributor
    Comments (39) | Send Message
    BP needs to fight this all the way! BP should & needs to Identify the bogus claims. Their is a lot of people who are going to try and get something for nothing & there is a lot of Lawyers that are willing to try and abuse the system!
    15 Aug 2013, 11:01 PM Reply Like
  • Me_not_you
    , contributor
    Comments (369) | Send Message
    BP does not have a choice.
    The sad thing is, every company will learn a lesson from this - not to settle and to fight, fight, fight. It is because of the fiduciary responsibility that management has to shareholders. BP tried to be responsible and settle. This was good for the company, shareholders, and most of all for the people who were harmed by this disaster.


    But what did they get? People, lawyers, and others trying to take advantage of a situation.


    I applaud BP for taking a stand. I am a shareholder, so have a vested interest in BP taking this stand. But even if I did not own shares, I would say enough is enough. I would also say to any company that has a disaster in the future - don't settle. Fight it in court. Either way you are paying a bunch of lawyers, at least if you are in court you have a chance to have your say.


    I hope all of those people who were legitimately harmed by the disaster received their just compensation. At the end of the day, they are the ones whom this settlement was meant for. It was not meant for BP, the judge, the lawyers, or those taking advantage. The good people who did nothing wrong, deserved just compensation.
    15 Aug 2013, 11:56 PM Reply Like
  • Jake2992
    , contributor
    Comments (1142) | Send Message
    You seem to have come full circle. You say BP should fight all claims, but also that people with legitimate claims should get paid. BP wants to pay NO ONE, that is why they hired so many lawyers. They weren't forced to hire so many lawyers, so I don't know why people are complaining about so called "blood sucking lawyers". BP is not the victim, not in the least.


    In the end, I hope BP and their shareholders get taken down big time, just like BP destroyed so much private property including people's boats, homes, and even businesses.
    16 Aug 2013, 12:06 AM Reply Like
  • daphnex2
    , contributor
    Comments (127) | Send Message
    What are you talking about? BP has paid out millions to leeches.
    16 Aug 2013, 12:17 AM Reply Like
  • borkner
    , contributor
    Comments (165) | Send Message
    Yeah, let's sue every carmaker of the word, imagine all the death they cause every day. They do it deliberately, so the best thing would be just to sue them out of business.


    Hey, don't you understand, it was an accident..., an accident and not deliberately caused by BP.
    16 Aug 2013, 02:14 AM Reply Like
  • Jake2992
    , contributor
    Comments (1142) | Send Message
    Ohh it was an accident, no big deal. A dozen dead workers, billions in property damage.. oh well. Also, BP made a CHOICE to cut corners. Now they have to deal with the consequences. Get it?
    16 Aug 2013, 08:29 PM Reply Like
  • Jake2992
    , contributor
    Comments (1142) | Send Message
    "What are you talking about? BP has paid out millions to leeches."


    Yet, they did BILLIONS in damage. Time to pay the piper, I hope their shareholders get wacked huge.
    16 Aug 2013, 08:30 PM Reply Like
  • mah6152
    , contributor
    Comments (9) | Send Message
    The lawyers are advertizing get on board, even if you live inland. Never mind that the economy had turned South, milk BP. This has turned into a travesty of justice for those people that actually suffered a loss. Even out churches have been asked to file a claim. Duh!
    Marvin Hendricks
    16 Aug 2013, 03:02 PM Reply Like
  • joker
    , contributor
    Comments (172) | Send Message
    Look who's talking - the layers representing those freakin' claimants! Are they stupid enough to think they can just bilk BP so all those bums get rich? Those guys sound very much like some red necks in a movie who just made their own rules / laws.
    18 Aug 2013, 01:41 AM Reply Like
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