Switch to Desktop Site
 
 

BP oil spill: Oil giant challenges Gulf payments

Next Previous

Page 2 of 5

About these ads

"No process exists to alter the amount of an award after it has been paid," they wrote in a letter dated Monday. "It is obvious that the timing and tone of your letter is an attempt to discourage claimants from pursuing claims under the Settlement Program."

Meanwhile, BP also was 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.

"Whatever you think about BP, we can all agree that it's wrong for anyone to take money they don't deserve," says the ad, which was scheduled to appear in The New York Times, Wall Street Journal and Washington Post. "And it's unfair to everyone in the Gulf — commercial fishermen, restaurant and hotel owners, and all the other hard-working people who've filed legitimate claims for real losses."

In April, U.S. District Judge Carl Barbier upheld a court-appointed claims administrator's interpretation of the multi-billion dollar settlement it reached with a group of plaintiffs' attorneys.

The London-based oil giant appealed the decision. A three-judge panel from the 5th U.S. Circuit Court of Appeals is scheduled to hear the case July 8.

"The Court has rejected BP's argument multiple times," Roy said in a statement. "Simply put, BP has buyers' remorse because it guessed wrong on the cost of a deal, which it — for nearly two years — negotiated, co-authored, agreed to and sought Court approval of. The notion that BP is somehow trying to portray itself as a victim is preposterous."

Next Previous

Page 2 of 5

Share