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re: BP story on fraud DW Horizon spill settlement from 60 minutes
Posted on 5/6/14 at 2:50 pm to DeltaDoc
Posted on 5/6/14 at 2:50 pm to DeltaDoc
Deltadoc, I'm not argueing that they are correct. I completely agree with you.
BP's lawyers were told that the settlement plan was a bad design (by the attorneys argueing for the plaintiffs) they said "we know it will have some unintended payouts, but we want to show our goodwill to the state of LA." It wasn't until they blew through their big pot of $ that they decided to backtrack on their agreement.
BP's lawyers were told that the settlement plan was a bad design (by the attorneys argueing for the plaintiffs) they said "we know it will have some unintended payouts, but we want to show our goodwill to the state of LA." It wasn't until they blew through their big pot of $ that they decided to backtrack on their agreement.
Posted on 5/6/14 at 5:27 pm to eng08
quote:
BP's lawyers were told that the settlement plan was a bad design (by the attorneys argueing for the plaintiffs) they said "we know it will have some unintended payouts, but we want to show our goodwill to the state of LA."
eng08, you understand this entire situation and summed it up right here. This settlement agreement wasn't complex. Everyone knew it was a bad deal for BP and even told BP that. BP wanted to do it. BP knew Pizza Restaurants in Shreveport would be filing if they met the criteria but they said let's do it.
Posted on 5/6/14 at 5:27 pm to eng08
quote:
BP's lawyers were told that the settlement plan was a bad design (by the attorneys argueing for the plaintiffs) they said "we know it will have some unintended payouts, but we want to show our goodwill to the state of LA."
eng08, you understand this entire situation and summed it up right here. This settlement agreement wasn't complex. Everyone knew it was a bad deal for BP and even told BP that. BP wanted to do it. BP knew Pizza Restaurants in Shreveport would be filing if they met the criteria but they said let's do it.
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