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Article

26 Jun 2013

Author:
Gillian Rich, Investor's Business Daily (USA)

Deepwater Nightmare Not Over, BP Launches Attack

The Deepwater Horizon oil spill may have been stopped years ago but the drama continues. BP is no longer on the defensive, paying for positive Gulf Coast ads to help boost tourism to the region, but has turned to an aggressive ad campaign to recover settlement money from local businesses affected by the spill. On Wednesday the company took out ads in three major papers claiming that "trial lawyers and some politicians" encouraged businesses to submit claims for inflated or nonexistent losses…BP also sent out hundreds of letters to lawyers of businesses that received settlement payments that BP views as too large…But…two of plaintiffs' lawyers who negotiated the settlement with BP, told [BP’s lawyer] that his letter "misstates the law and violates BP's obligations under the Settlement Agreement."…

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