Ohio, Texas lead lawsuit by investors...

Ohio, Texas lead lawsuit by investors against BP | The Columbus Dispatch

There are 8 comments on the Columbus Dispatch story from Dec 30, 2010, titled Ohio, Texas lead lawsuit by investors against BP | The Columbus Dispatch. In it, Columbus Dispatch reports that:

None of the oil from the huge BP spill in the Gulf of Mexico washed up on Ohio's or New York's shores, but those two states will take the lead in pursuing legal claims against BP PLC.

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timmy

Youngstown, OH

#1 Dec 30, 2010
Come on companies don't Lie! Or do they want our Taxes dollars to help with there wrong doing! It's the REPUBLICAN WAY.
Ummmm

Columbus, OH

#2 Dec 30, 2010
Take them for all they're worth! Get them just like the tobacco companies. Then abusively reallocate the money you win (just like you did with tobacco money).
Ohio Patriot

Thornville, OH

#3 Dec 30, 2010
Good for Cordray! He is the only state politician in 20 years to make me proud to be from Ohio. If DeWine is a true Ohio Patriot, he will keep this litigation going strong.
Tom Stacy

Mount Vernon, OH

#4 Dec 30, 2010
So in a nutshell, Ohio claims that risk is a sure thing. Such "something for nothing" class action schemes are pervasive during commercial breaks on T.V. But it is really embarrassing to see a state AG promoting similar nonsense.

Let this be a lesson to the trustees of the retirement funds of Ohio employees. Perhaps they should, instead of crying over spilt milk, examine more closely their current holdings in companies invested in "house of cards" scams like wind energy - whose product cannot compete without subsidy,(Federal Stimulus Act ARRA Part B Section 1603) and even then would not be purchased by power consumers without force of law.(2008 Ohio Energy Act 221)

Since: Feb 10

Columbus, OH

#5 Dec 30, 2010
Tom Stacy wrote:
So in a nutshell, Ohio claims that risk is a sure thing. Such "something for nothing" class action schemes are pervasive during commercial breaks on T.V. But it is really embarrassing to see a state AG promoting similar nonsense.
Let this be a lesson to the trustees of the retirement funds of Ohio employees. Perhaps they should, instead of crying over spilt milk, examine more closely their current holdings in companies invested in "house of cards" scams like wind energy - whose product cannot compete without subsidy,(Federal Stimulus Act ARRA Part B Section 1603) and even then would not be purchased by power consumers without force of law.(2008 Ohio Energy Act 221)
Good analysis -- I couldn't agree more.
lawyers

United States

#6 Dec 30, 2010
Lawyers are the biggist con artists around. Just another useless lawsuit. Stocks go up and down all the time its part of the game. companies go bankrupt you dont see people making a lawsuit when GM lost all of its stock now do you?
freeloader

Canal Winchester, OH

#7 Dec 30, 2010
Shouldn' the lawsuit include a provision that would cover the costs of all these recent fuel price increases?
Investor-speculators get (and share) part of the blame, but don't you remember the "embarrasing" profits that Exxon and the rest of the industry earned at the last gas price bump-up?
It is funny how these oil companies can get into so much trouble and still make so much money on all of us.
blue dusky

United States

#8 Dec 31, 2010
Tom Stacy wrote:
So in a nutshell, Ohio claims that risk is a sure thing. Such "something for nothing" class action schemes are pervasive during commercial breaks on T.V. But it is really embarrassing to see a state AG promoting similar nonsense.
Let this be a lesson to the trustees of the retirement funds of Ohio employees. Perhaps they should, instead of crying over spilt milk, examine more closely their current holdings in companies invested in "house of cards" scams like wind energy - whose product cannot compete without subsidy,(Federal Stimulus Act ARRA Part B Section 1603) and even then would not be purchased by power consumers without force of law.(2008 Ohio Energy Act 221)
This lawsuit will cost investors and pension funds more money as BP losses mount and stock price is further eroded. Attornies are going to be the major beneficiaries of this lawsuit. Richard Cordray is an embarassment to Ohio. His biggest accomplishment is a couple of class action lawsuits without any clear chance of recovery.

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