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Page added on June 26, 2013

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BP Challenges Settlements in Gulf Oil Spill

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BP is placing full-page advertisements in three of the nation’s largest newspapers on Wednesday as the company mounts an aggressive campaign to challenge what could be billions of dollars in settlement payouts to businesses after its 2010 oil spill in the Gulf of Mexico.
The ad, scheduled to be published in The New York Times, The Wall Street Journal and The Washington Post, accuses “trial lawyers and some politicians” of encouraging Gulf Coast businesses to submit thousands of claims for inflated or nonexistent losses.

“Whatever you think about BP, we can all agree that it’s wrong for anyone to take money they don’t deserve,” the ad says. “And it’s unfair to everyone in the Gulf — commercial fishermen, restaurant and hotel owners, and all the other hard-working people who’ve filed legitimate claims for real losses.”

In April, Judge Carl J. Barbier of Federal District Court for the Eastern District of Louisiana upheld a court-appointed claims administrator’s interpretation of the multibillion-dollar settlement it reached with a group of lawyers for plaintiffs.

The oil company, based in London, appealed the decision. A three-judge panel from the Fifth Federal Circuit Court of Appeals in New Orleans is scheduled to hear the case on July 8.

BP’s ad claims Judge Barbier’s ruling “interprets the settlement in a way no one intended” and results in settlement payouts to businesses that did not suffer any spill-related losses.

“Even though we’re appealing the misinterpretation of the agreement, we want you to know that the litigation over this issue has not in any way changed our commitment to the Gulf,” it says.

Geoff Morrell, BP spokesman, said the ad was consistent with the company’s effort to keep the public informed of its economic and environmental restoration efforts.

Plaintiffs’ lawyers claim BP simply undervalued the cost of settlement.

NY Times



5 Comments on "BP Challenges Settlements in Gulf Oil Spill"

  1. Plantagenet on Wed, 26th Jun 2013 10:15 pm 

    BP is an evil oil company. How dare they protest being forced to pay damages to “victims” who didn’t actually suffer any damages.

  2. J-Gav on Wed, 26th Jun 2013 10:30 pm 

    BP are a bunch of bald-faced lying, cheating, swindling bastards. Anybody who doesn’t understand that hasn’t bothered to take a serious look at BP.

  3. DC on Thu, 27th Jun 2013 12:50 am 

    Gee, I didn’t see this coming at all…..

  4. BillT on Thu, 27th Jun 2013 4:59 am 

    And how much has the Exxon Valdez paid so far? 10%? Less? And that was over 20 years ago. BP will get off with another fine of a few billion when they should be shut down.

  5. Kenz300 on Thu, 27th Jun 2013 9:41 pm 

    Big Oil’s Big Lies About Alternative Energy

    http://peakoil.com/alternative-energy/big-oils-big-lies-about-alternative-energy

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