I read a week ago that the CEO of BP stated that they would pay for everything, including clean-up. So why, other than lawyers being blood sucking leaches, are they filing suit? Did BP change their mind now? Send them a bill and see if they’ll pay it. It’s amazing how fast lawsuits are filed now-a-days. Before the company can even reject a claim, they are getting sued. BP should sue the lawyers that file this lawsuit from taking them away from the clean-up effort in order to defend themselves.
I completely agree with you Baxtor. We should be focused on clean-up and protecting our coast. All of those who are so quick to sue and usually the same ones ready to complain about insurance rates.
Say what you want about Plaintiff Bar, but they are the only advocates for the claimants. Does anyone of us who works in the insurance industry honestly think that BP or any other carrier/self-insured is going to compensate the damaged parties at fair value? BP has a long history of spills and shaddy mitigation tactics. Look at the $5,000 Full and Final Offer that it got caught attempting to sway claimants to sign. Also, remember that the oil industry, after Exxon Valdez push through legislation limiting their damages to the amount of the rig’s value, which BP is now disputing the rig’s value, although they used this value in a positive light on their financials. So, the balance will become pay and due by the public-tax payers. This is going to be messy, but BP or any other insured can’t expect to game the Free Market when all is good and complain when they cause damages, of this magnitude.
Mikey, you completely missed my point. Since BP has admitted liability various States’ attys. have filed suit, how many lawyers to you want involved in this? Keep in mind that these lawyers will take at least 1/3 of the settlement, plus their expenses. Read last Sunday’s NYT business section about BK attys. for Lehman Bros. and others billing 100’s of 1,000’s in expenses for limos.
AC, you make no sense. See the above IRO those good ole, ‘love-and-help-the-little-people-for-a-small-fee-of-few-billion’ plaintiffs attys. They’ve done more to drive manufacturing o/s the US than have the Chinese, Japanese, and other countries.
BTW, you must have it wrong. Why would BP claim that the rig it owns is less than what it accounted for it on its financial statements? This would seem to suggest that BP is being very honest, since it has to have 1st party property coverage on the the rig.
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So, thank goodness, this IJ story confirms the old adage that every dark cloud has a silver lining.
Gee, Louisiana shrimp is my favorite food. Now, it won’t be available for a long time. This just isn’t right.
Say, do any fellow Louisiana shrimp eaters want to join with me in a class action law suit?
Say what you want about lawyers and their mostly worthless lawsuits. I think there is merit to most of these that will result from this massive spill.
And you spell that $$$$$$$$$$$$$$!
I read a week ago that the CEO of BP stated that they would pay for everything, including clean-up. So why, other than lawyers being blood sucking leaches, are they filing suit? Did BP change their mind now? Send them a bill and see if they’ll pay it. It’s amazing how fast lawsuits are filed now-a-days. Before the company can even reject a claim, they are getting sued. BP should sue the lawyers that file this lawsuit from taking them away from the clean-up effort in order to defend themselves.
I completely agree with you Baxtor. We should be focused on clean-up and protecting our coast. All of those who are so quick to sue and usually the same ones ready to complain about insurance rates.
Say what you want about Plaintiff Bar, but they are the only advocates for the claimants. Does anyone of us who works in the insurance industry honestly think that BP or any other carrier/self-insured is going to compensate the damaged parties at fair value? BP has a long history of spills and shaddy mitigation tactics. Look at the $5,000 Full and Final Offer that it got caught attempting to sway claimants to sign. Also, remember that the oil industry, after Exxon Valdez push through legislation limiting their damages to the amount of the rig’s value, which BP is now disputing the rig’s value, although they used this value in a positive light on their financials. So, the balance will become pay and due by the public-tax payers. This is going to be messy, but BP or any other insured can’t expect to game the Free Market when all is good and complain when they cause damages, of this magnitude.
Mikey, you completely missed my point. Since BP has admitted liability various States’ attys. have filed suit, how many lawyers to you want involved in this? Keep in mind that these lawyers will take at least 1/3 of the settlement, plus their expenses. Read last Sunday’s NYT business section about BK attys. for Lehman Bros. and others billing 100’s of 1,000’s in expenses for limos.
AC, you make no sense. See the above IRO those good ole, ‘love-and-help-the-little-people-for-a-small-fee-of-few-billion’ plaintiffs attys. They’ve done more to drive manufacturing o/s the US than have the Chinese, Japanese, and other countries.
BTW, you must have it wrong. Why would BP claim that the rig it owns is less than what it accounted for it on its financial statements? This would seem to suggest that BP is being very honest, since it has to have 1st party property coverage on the the rig.
PS – Guess my occupation/profession.