Sunday, August 1, 2010

BP to offer claimants a One-time Payment

by jamess


I think "Breaking" is the correct adjacent ...

BP offers one-off payouts to stem Gulf oil spill lawsuits
Lump-sum compensation offered in return for waiving the right to sue,
but uncertainty remains for those indirectly affected

Tim Webb, guardian.co.uk -- August 1, 2010

BP will begin its legal offensive this month to cap its liabilities from the Gulf of Mexico disaster by offering those affected one-off compensation payouts in return for them waiving the right to sue.
[...]
The fund does not cap BP's liabilities at $20bn. But privately the company believes that it will not have to pay out anywhere near this sum. BP has hired a battery of lawyers to protect itself, and so far it has paid out $261m in claims.
[...]
According to BP, 1.8m gallons of dispersant have been pumped into the Gulf. Scientists say that the resulting high toxicity levels could harm marine life for years to come.


Hmmm ... Seems BP is a bit worried about the long-term effects of that 1.8 Millions of gallons of Corexit, they used -- to help make that spill problem disappear?



continued at Daily Kos...