BY ADNAN S. KHAN ANCHOR NATHAN BYRNE BP has come to a settlement in a lawsuit filed by more than 100000 plaintiffs over the massive Gulf oil spill of 2010. KIRO has the details. "BP says it will pay nearly $8 billion to settle claims from fishermen and others hurt by that massive oil spill in the Gulf of Mexico." The money will come from a $20 billion trust set up to compensate spill victims. But BP's headache doesn't end here — the company says the trust may not be enough, because, as The New York Times reports... "The agreement does not include the biggest plaintiff in the BP case: the federal government. Nor does it include the state and local governments along the coast, which are also suing. The federal government stands to recover billions of dollars in environmental fines..." And according to Forbes, the settlement will also include a so-called "matrix" to cover any illnesses caused by the oil spill that show up within the next 21 years. Forbes points out what happened to other companies in similar situations. "This type of payout doomed most of the companies that made or handled asbestos, since it allowed lawyers to process tens of thousands of claims by workers with smoking-related and naturally caused diseases and overwhelm trusts established to pay for asbestosis and mesothelioma." And Bloomberg reports some say BP hasn't been playing nice in shelling out compensation. "Attorneys for some victims argued in court filings that officials of the fund, run by ...
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