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eppur_se_muova

(36,227 posts)
Sun Jun 29, 2014, 01:32 PM Jun 2014

BP seeks to wrest back Gulf of Mexico compensation (BBC)

BP has asked a US court to order a "vast number" of businesses to repay part of the compensation awards they were paid in the wake of the 2010 Gulf of Mexico oil spill.

The oil firm said the administrator in charge of processing the claims allowed businesses to inflate their losses.

Last year a US court agreed the process was unfair but now the British company wants the money back with interest.

BP has fought a long legal battle in US courts to limit the compensation bill.

In a court filing on Friday, BP asked a US judge to order the businesses to repay the overpayments plus interest, and requested an injunction to prevent firms spending what it called their "windfall".
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more: http://www.bbc.com/news/business-28069583

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BP seeks to wrest back Gulf of Mexico compensation (BBC) (Original Post) eppur_se_muova Jun 2014 OP
TomAto, tomahto. Windfall, bankruptcy. It's just a matter of point of view. I knew they'd do this Shrike47 Jun 2014 #1
Wasn't this the sort of thing Obama tried to prevent BP from doing by shraby Jun 2014 #2
Pardon my French, but xfundy Jun 2014 #3

Shrike47

(6,913 posts)
1. TomAto, tomahto. Windfall, bankruptcy. It's just a matter of point of view. I knew they'd do this
Sun Jun 29, 2014, 01:53 PM
Jun 2014

They talk big in the beginning for show, then they quietly default on their promises.

shraby

(21,946 posts)
2. Wasn't this the sort of thing Obama tried to prevent BP from doing by
Sun Jun 29, 2014, 02:37 PM
Jun 2014

making them put a huuuge amount in an account BEFORE any decisions were made on how much they should compensate people.
Exxon got away mostly free, and he didn't want BP to pull the same stinky thing..tie it up in the courts until the people they harmed were broke or dead.
He anticipated them crying like this and was ostracized by the repubs for it.

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