BP
Oil Lawyer Scandal To Hold Up Settlement Fund
BP
is making headlines again from what has been considered the worst oil spill in
American history, the Deepwater Horizon rig explosion of 2010. Except this time
a scandal is emerging into the public eye.
WASHINGTON
– Executive Vice President of Safety & Operational Risk of BP Mark Bly (L),
and Director of Special Projects of Transocean Bill Ambrose (R) testify during
a hearing before the National Commission on the BP Deepwater Horizon Oil Spill
And Offshore Drilling November 8, 2010 at Grand Hyatt Washington Hotel in
Washington, DC. The hearing was to examine the preliminary findings regarding
BP’s Macondo well blowout , and the causes of the rig explosion. (Photo by Alex
Wong/Getty Images)
OpEd
By Shepard
Ambellas
Intellihub.com
July 17, 2013
Intellihub.com
July 17, 2013
NEW ORLEANS — Judge Carl Barbier, was
appointed by the former Director of the FBI, Louis
Freeh, earlier this month to investigate claims that the two lawyers
managing the Deepwater Horizon settlement fund were possibly receiving
kick-backs from law firms filing claims against BP itself.
As of now the scandal has
opened a whole new can of worms.Some even see this as a massive smoke and mirrors show put on by BP as they feel BP might have initiated the entire scandal in the first place to freeze its settlement funds to buy more time.
The WallStreetJournal.com
reported how, “BP, in a separate matter, has begun an aggressive effort to
limit payments from the fund, contending that some awards are improperly being
made to companies that weren’t damaged by the Gulf oil spill.
Lawyers for the
plaintiffs—businesses and individuals whose suits against BP were combined in a
settlement—say BP is just trying to back out of the settlement because it
miscalculated the true costs of the deal. BP originally estimated the
settlement would cost it $7.8 billion but now says it can’t calculate the
amount because of the alleged overpayments.BP says so far it has spent about $14 billion on spill response and cleanup, and paid out nearly $11 billion in claims to individuals, businesses and government entities.”
All eyes on BP.
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Sources:
*****http://intellihub.com/2013/07/17/bp-oil-lawyer-scandal-to-hold-up-settlement-fund/
1 comment:
The BP settlement is a big lie anyway. Lawyers are just doing what they've learned to do. I know of no single person who lives here in the Eden Isles area of Slidell, La who got accepted for our claims to being sprayed for four consecutive months with corexit 9500....we were denied because we cannot prove we have been affected for something that is known to develope later on. They are just as big a liars as FEMA was in telling us all we had nothing of value to pay us for.
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