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re: BP story on fraud DW Horizon spill settlement from 60 minutes
Posted on 5/6/14 at 12:28 pm to OntarioTiger
Posted on 5/6/14 at 12:28 pm to OntarioTiger
The list of people/businesses filing for damages that he cited during that interview definitely backed BPs claim to FRAUD on a massive scale.
1
Posted on 5/6/14 at 12:44 pm to CITWTT
quote:
The list of people/businesses filing for damages that he cited during that interview definitely backed BPs claim to FRAUD on a massive scale.
I don't think you know much about the BP Settlement. The settlement payout isn't based on type of business or name of business. It was based on whether your financial statements met certain characteristics and your business is located in a certain area.
They basically said all businesses were hurt due to this based on a trickle down effect. If the oil industry is hurt in Louisiana then all business will feel some impact. BP didn't want to go through the pain of figuring this out so they came up with a broad calculation which everyone agreed upon.
After the criminal cases were settled in federal court BP went back on everything.
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