BP still has a long way to go to secure our trust


BP Settlement Dispute Challenges Payouts Following Gulf Oil Spill

2010_06_08_JA___GulfImpactBy MICHAEL KUNZELMAN-

NEW ORLEANS (AP) — With an ad blitz and a tersely worded letter, BP is mounting an increasingly aggressive campaign to challenge what could be billions of dollars in settlement payouts to businesses following its 2010 oil spill in the Gulf of Mexico.

In letters that started going out Tuesday, BP warns lawyers for many Gulf Coast businesses that it may seek to recover at least some of their clients’ shares of the multibillion-dollar settlement if it successfully appeals a key ruling in the legal wrangling spawned by the nation’s worst offshore oil spill.

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

“BP reserves whatever rights it may have to pursue any legal method to recover such overpayments,” company attorney Daniel Cantor wrote in the letter.

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.

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