Top
Advertisement

BP Holdings: BP may try to recover portion of settlement

Source: 

http://www.wafb.com/story/22689219/bp-may-try-to-recover-portion-of-settlement

NEW ORLEANS (AP) - BP is warning lawyers for many Gulf Coast businesses that it may seek to recover at least a portion of their clients' shares of a multibillion-dollar settlement if it successfully appeals a key ruling in the legal wrangling spawned by the company's massive 2010 oil spill.

 

The London-based oil giant says it's sending hundreds of letters to attorneys for businesses the company believes received excessive payments from a court-supervised settlement program.

 

The letters are part of BP's increasingly aggressive campaign to challenge a judge's interpretation of the settlement's terms.

 

BP Holdings also is placing a full-page advertisement in three of the nation's largest newspapers Wednesday that accuses "trial lawyers and some politicians" of encouraging businesses to submit thousands of claims for inflated or non-existent losses.

1
Ratings
  • 83 Views
  • 0 Comments
  • 0 Favorites
  • Flag
  • Flip
  • Pin It

0 Comments

  • Advertisement