BP Challenges Settlements in Gulf Oil Spill
NEW ORLEANS â" BP is placing full-page advertisements in three of the nationâs largest newspapers on Wednesday as the company mounts an aggressive campaign to challenge what could be billions of dollars in settlement payouts to businesses after its 2010 oil spill in the Gulf of Mexico.
The ad, scheduled to be published in The New York Times, The Wall Street Journal and The Washington Post, accuses âtrial lawyers and some politiciansâ of encouraging Gulf Coast businesses to submit thousands of claims for inflated or nonexistent losses.
âWhatever you think about BP, we can all agree that itâs wrong for anyone to take money they donât deserve,â the ad says. âAnd itâs unfair to everyone in the Gulf â" commercial fishermen, restaurant and hotel owners, and all the other hard-working people whoâve filed legitimate claims for real losses.â
In April, Judge Carl J. Barbier of Federal District Court for the Eastern District of Louisiana upheld a court-appointed claims administratorâs interpretation of the multibillion-dollar settlement it reached with a group of lawyers for plaintiffs.
The oil company, based in London, appealed the decision. A three-judge panel from the Fifth Federal Circuit Court of Appeals in New Orleans is scheduled to hear the case on July 8.
BPâs ad claims Judge Barbierâs ruling âinterprets the settlement in a way no one intendedâ and results in settlement payouts to businesses that did not suffer any spill-related losses.
âEven though weâre appealing the misinterpretation of the agreement, we want you to know that the litigation over this issue has not in any way changed our commitment to the Gulf,â it says.
Geoff Morrell, BP spokesman, said the ad was consistent with the companyâs effort to keep the public informed of its economic and environmental restoration efforts.
Plaintiffsâ lawyers claim BP simply undervalued the cost of settlement.
