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Judge won't block second round of BP seafood payments

  • U.S. District Judge Barbier yesterday denied BP's request to halt payments from the $2.3B fund it created to compensate commercial fishermen for financial losses claimed after the 2010 Gulf of Mexico oil spill.
  • BP had sought to block the payments after alleging that some individuals supposedly injured by the spill did not exist.
  • More than $1B of the fund has been distributed in an initial round of payouts, but BP wanted a second round of payments suspended.
Comments (8)
  • spike77
    , contributor
    Comments (73) | Send Message
     
    The original BP bosses made a disaster for the company even worse with their rank amateur payment agreement. The good ole' USA are happy to have BP ripped to pieces because of their mistake, even allowing totally dishonest claims. However I am starting to build a position in BP because I like the slimmed down look of the company now and their dividend policy.
    27 Feb, 11:01 AM Reply Like
  • 2839298249
    , contributor
    Comments (270) | Send Message
     
    I agree. Management with the advice of counsel really screwed themselves (and shareholders). Barbier will not budge from his interpretation of the agreement, no matter how much ranting BP does. It's obvious that even if there is no proof of injury, BP will be on the hook. It's an open checkbook.
    27 Feb, 12:01 PM Reply Like
  • testpack3
    , contributor
    Comments (15) | Send Message
     
    To spike777

     

    'BP ripped to pieces because of their mistake', USA 'even allowing dishonest claims'. The Judge in question may even adhere to your comments. I would suggest the majority of Americans do not. And please bear in mind Spike777, the disaster, which cost 11 lives, was as a result of a failed valve supplied by Halliburton, on a rig supplied by Transocean. BP, rather foolishly, chose to accept full responsibility for the disaster, hoping this, in the long run,would help them with public relations, and a fair Court hearing. Your comments make their decision to accept responsibility look stupid.
    27 Feb, 09:28 PM Reply Like
  • fhbecker
    , contributor
    Comments (45) | Send Message
     
    It is a considerable over simplification to say the The Deep Water Horizon blow out was "a result of a failed valve". Multiple system failures and bad decisions caused the well to become uncontrollable.
    The final well control system, the Blow Out Preventer (BOP), also failed. The shear rams in the BOP failed to completely shear the drill pipe and close off the borehole, because the drill pipe was bent and off center.
    It is my understanding that Cameron designed the BOP and it was supplied Transocean not Haliburton.
    For more reading; http://bit.ly/1hSekBS
    2 Mar, 07:18 AM Reply Like
  • AGK52
    , contributor
    Comments (4) | Send Message
     
    BP is not American company and they could not expect fair treatment from American judges. Kill competitor and provide more space for American businesses, this is the goal.
    28 Feb, 08:30 AM Reply Like
  • MrSun
    , contributor
    Comments (88) | Send Message
     
    You do know 40% of the shareholders of BP are US citizens right? i would say that makes it a American company.
    3 Mar, 05:30 PM Reply Like
  • Sittingcrow
    , contributor
    Comments (107) | Send Message
     
    My family has owned and operated seafood businesses in the Gulf region for over a century. We have been pleased with the extraordinary attention to detail BP has provided in attending to our needs and reparations.

     

    I have personally witnessed hundreds of fraudulent claims and activities by associates, neighbors, and (former) friends. We have attempted to bring these frauds to the attention of the government for *years* but it seems easier to be ignored.

     

    Also, the white sandy beaches in the Florida panhandle have never been more pristine, and locals praise BP's amazing clean-up efforts after the spill.

     

    It's obvious there is judicial vindictiveness and possibly American competitors' unfair judicial influence going on here. BP is being taken to the cleaners- by you and by me.
    28 Feb, 11:23 AM Reply Like
  • spike77
    , contributor
    Comments (73) | Send Message
     
    Interesting comments here and particularly the one from Sittingcrow who hs first hand evidence of the rip off. What surprises me that BP's lawyers and PR people aren't using the honest local people such as Sittingcrow, who are fed up with this dishonesty, to rebuild their reputation and use them in Court to counter the US position of 'rip-off-BP'. I have in fact sent a link to BP with this suggestion If I was their CEO I would fire the lawyers and get new PR people and then fire myself
    1 Mar, 08:51 AM Reply Like
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