boutons_deux
03-03-2012, 11:11 AM
http://graphics8.nytimes.com/images/2012/03/03/us/03bp_337/03bp_337-articleLarge.jpg
The company estimated that paying the claims would cost $7.8 billion — but it did not state that the estimate represented an upper limit on what it would pay. It said it had already paid out more than $8 billion to claimants, and had spent some $14 billion in responding to the spill.
“This settlement will provide a full measure of compensation to hundreds of thousands — in a transparent and expeditious manner under rigorous judicial oversight.” :lol :lol :lol
The agreement does not include the biggest plaintiff in the BP case: the federal government. Nor does it include the state and local governments along the coast, which are also suing. The federal government stands to recover billions of dollars in environmental fines, but the extent to which the Justice Department is involved in negotiations with BP is unclear.
David M. Uhlmann, who headed the Justice Department’s environmental crimes section from 2000 to 2007, said, “The plaintiffs’ steering committee really needs to reach a settlement with BP” because otherwise it could face years of litigation and might obtain less at trial than it could receive in a settlement. (to expected from a Repug lawyer)
http://www.nytimes.com/2012/03/03/us/accord-reached-settling-lawsuit-over-bp-oil-spill.html?hp
The company estimated that paying the claims would cost $7.8 billion — but it did not state that the estimate represented an upper limit on what it would pay. It said it had already paid out more than $8 billion to claimants, and had spent some $14 billion in responding to the spill.
“This settlement will provide a full measure of compensation to hundreds of thousands — in a transparent and expeditious manner under rigorous judicial oversight.” :lol :lol :lol
The agreement does not include the biggest plaintiff in the BP case: the federal government. Nor does it include the state and local governments along the coast, which are also suing. The federal government stands to recover billions of dollars in environmental fines, but the extent to which the Justice Department is involved in negotiations with BP is unclear.
David M. Uhlmann, who headed the Justice Department’s environmental crimes section from 2000 to 2007, said, “The plaintiffs’ steering committee really needs to reach a settlement with BP” because otherwise it could face years of litigation and might obtain less at trial than it could receive in a settlement. (to expected from a Repug lawyer)
http://www.nytimes.com/2012/03/03/us/accord-reached-settling-lawsuit-over-bp-oil-spill.html?hp