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BP and the Justice Department are close to a deal to resolve the company's civil and criminal...

BP and the Justice Department are close to a deal to resolve the company's civil and criminal liabilities arising from 2010's Deepwater Horizon spill, according to sources. Among the points of contention are the sides being about $6B apart on a final settlement figure, with BP concerned an amount too high could imply negligence, thus encouraging plaintiffs with pending lawsuits to seek higher damages.
Comments (9)
  • doc47
    , contributor
    Comments (992) | Send Message
     
    Gee, I read the same thing here over 3 months ago, with some ridiculously low $15 billion figure. What's it up to now?
    10 Oct 2012, 10:26 PM Reply Like
  • smarton
    , contributor
    Comments (51) | Send Message
     
    Yeah cause there was no negligence involved.
    10 Oct 2012, 10:52 PM Reply Like
  • tomlos
    , contributor
    Comments (1098) | Send Message
     
    Keep loading up on BP because once this gets resolved which you know it is in the interest of the Fed to get this done ASAP, BP will continue the upward climb... albeit at a much quicker pace..

     

    Once this is resolved, institutional ownership will go from 12% to a healthy 60%+ like the others... So many here have been negative on BP, but there are us that continue to believe, and have done very well.

     

    Long BP.
    10 Oct 2012, 11:07 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2482) | Send Message
     
    They've been selling those refineries at pretty low prices. Medium term the growth rate of the company is going to be negatively impacted. Long term they have a lot of great assets all over the world.
    10 Oct 2012, 11:38 PM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    Some lawyers will spend their whole careers working suits from this BP disaster and get rich in the process

     

    That's just an amazing fact to fathom - nice job security
    10 Oct 2012, 11:54 PM Reply Like
  • morrism1
    , contributor
    Comments (16) | Send Message
     
    The intentionally irresponsible lending practices by the Big Banks caused losses of trillions and trillions of dollars in real estate value impacting essentially every citizen of the US.

     

    BP accidentally spilled oil in the Gulf and impacted ten times fewer people and at a much lower dollar value.

     

    Why is BP grossly negligent and the Banks received hundreds of billions of dollars of bail out money ?

     

    Was the Federal Dept in charge of overseeing oil production in the gulf grossly negligent?

     

    Apparently BP was negligent in not giving Obama millions in campaign contributions.
    11 Oct 2012, 03:42 AM Reply Like
  • 7silverback
    , contributor
    Comments (8) | Send Message
     
    bp had 65% stake, American company drilled the hole American company plugged the hole bp pay the bill?
    11 Oct 2012, 06:01 AM Reply Like
  • Peppino
    , contributor
    Comments (25) | Send Message
     
    To Morrism1: I like your point of view.
    11 Oct 2012, 07:36 AM Reply Like
  • Peppino
    , contributor
    Comments (25) | Send Message
     
    To morrism1: Very possible probable, and close to the truth.
    Good point of view.
    11 Oct 2012, 07:40 AM Reply Like
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