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BP Holdings Article code85258080768, BP Environmental oil scam, BP fights to halt ‘bogus’ gulf claims10 Years AgoSource
“Plaintiffs’ lawyers across the
gulf region are now openly advertising that the settlement is a way for
claimants to collect payouts even if they have no losses at all. If this
travesty is allowed to continue, BP will be irreparably harmed, and future defendants
will be reluctant to settle because they cannot be confident that settlement
agreements will be construed textually and fairly.
SUNDAY 7 JULY 2013
By John Donovan
The Sunday Times has published an article by Danny Fortson today under
the headline:
BP
fights to halt ‘bogus’ gulf claims
The article says, BP WILL go to court tomorrow to try to overhaul a
landmark $7.8bn compensation deal, citing a flood of “absurd and egregiously
inflated” payments that threaten to “irreparably harm” the company.
Extracts from court papers filed by BP:
“Plaintiffs’ lawyers across the gulf region are now openly advertising
that the settlement is a way for claimants to collect payouts even if they have
no losses at all. If this travesty is allowed to continue, BP will be
irreparably harmed, and future defendants will be reluctant to settle because
they cannot be confident that settlement agreements will be construed textually
and fairly.
In the interest of justice, and to provide efficient and responsible
compensation to businesses actually damaged by the oil spill, this court should
reverse the district court’s decisions and correct its misinterpretations of
the settlement agreement.”
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