Business

Charging Spike In ‘Bogus’ Oil Spill Settlement Claims, BP Takes the Offensive

BP has launched a multi-pronged campaign to head off what it says are excessive claims tied to the 2010 oil spill in the Gulf of Mexico.

BP is appealing a judge’s interpretation of the terms of a multibillion-dollar settlement program tied to the Gulf oil spill. The London-based energy giant says it’s sending out hundreds of letters to lawyers for Gulf Coast businesses, warning that, if its appeal succeeds, it may seek to recover at least a portion of their clients’ shares in the settlement.

“It’s somewhat unusual to have a dispute over a settlement.”

Jeff Rensberger is a professor at South Texas College of Law.

“One of the benefits of settling a case is you close down your litigation costs. So they’re reopening their litigation costs.”

BP also placed a full-page advertisement in three of the nation’s largest newspapers Wednesday, accusing “trial lawyers and some politicians” of encouraging businesses to submit thousands of claims for inflated or non-existent losses.

Share

Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas delegations in the U.S. House and Senate, as well as the Texas governorship, the state legislature, and county and city governments. Before taking up his current post, Andrew...

More Information