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NEW ORLEANS (AP) - BP is warning lawyers for many Gulf Coast businesses that it may seek to recover at least a portion of their clients' shares of a multibillion-dollar settlement if it successfully appeals a key ruling in the legal wrangling spawned by the company's massive 2010 oil spill.

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

The letters are part of BP's increasingly aggressive campaign to challenge a judge's interpretation of the settlement's terms.

BP Holdings also is 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.

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( 1 comment — Leave a comment )
ileando
Jun. 29th, 2013 06:26 am (UTC)
.i wish i could write as well as you do in your blog, congratulations.
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BP Holdings Barcelona And Madrid Spain
BP Holdings Barcelona & Madrid Spain

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