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re: BP story on fraud DW Horizon spill settlement from 60 minutes

Posted on 5/6/14 at 5:27 pm to
Posted by lsu13lsu
Member since Jan 2008
11489 posts
Posted on 5/6/14 at 5:27 pm to
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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