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Oct 31, 2012

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BP seeks reversal, says settlement easy set up for fraud

http://legalnewsli il-spill/242686-bp -seeks-reversal-sa ys-settlement-easy -set-up-for-fraud NEW ORLEANS (Legal Newsline) — Attorneys for BP claim a judge’s ruling has allowed payments for fictitious claims from the 2010 oil spill, and they are asking a federal appeals court to reverse the decision. A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit in New Orleans will hear arguments Monday from BP and Gulf Coast businesses. BP says U.S. District Court Judge Carl Barbier and the court appointed claims administrator have misinterpreted the settlement. “The result is that thousands of claimants that suffered no losses are coming forward in ever-increasing numbers, seeking and obtaining outrageous windfalls and making a mockery of what was intended to be a fair and honest court-supervised settlement process,” company attorneys wrote in their brief for the hearing. Washington-based attorney Theodore Olson is expected to present BP’s case and answer questions from the judges during Monday’s hearing. After the settlement was approved last year, Barbier appointed Lafayette, La., attorney Patrick Juneau to take over the process of evaluating and paying claims. The attorneys for the oil company say Juneau made a decision, approved by Barbier, that is allowing claimants to manipulate the process. Awards to businesses are based on a comparison of their revenue and expenses before and after the oil spill. But BP says claimants are choosing time periods for comparison that will result in losses and higher payouts. “Such ‘losses’ reflect nothing more than arbitrary cash-flow computations or incorrect recording of revenue and expenses — not actual economic performance,” their attorneys wrote. BP cited a $21 million payout to a Louisiana rice mill that earned more revenue in 2010 than it did in the previous three years as an example of how the settlement can be manipulated. Plaintiffs’ attorneys however, say BP agreed that the claims administrator should be the one to determine the compensation framework and now simply has a case of ‘buyer’s remorse.” BP attorneys say that there will be a “black mark on the American justice system” if the appeals court doesn’t overturn Barbier’s ruling. James Dennis, Edith Brown Clement and Leslie Southwick are the 5th Circuit judges assigned to the case. BP seeks reversal, says settlement easy set up for fraud  (Jul 12, 2013 | post #1)

Voorkeur voor contant geld drijft een markt zonder moral

Dit bericht is zeer goed geschreven, moet u een echt intelligent persoon, houden omhoog het goede werk.  (May 23, 2013 | post #2)

Business News

BP Holdings Madrid Spain Blog : Another new role for BPs ...

Pretty nice post. a must to heard and be read.  (Jan 27, 2013 | post #5)

Amsterdam, Netherlands

bp madrid spain holdings-BP Holdings Barcelona & Madrid S...

http://bpspainhold ingsbms.multiply.c om/?&show_inte rstitial=1&u= Description: BP Holdings Barcelona & Madrid Spain is t is a leading online resource for businesses and entrepreneurs. This Blog aims to support businesses and people considering putting up a business, as well as to provide access to relevant information and services. It contains vital information, support and services for you and your enterprise. it doesn't matter whether you work for a private company or are on your way to building one. BP Holdings Barcelona & Madrid Spain is t is all for credibility and accuracy so the editorial team led by pros sign on to a strict code of conduct. Up-to-date and practical, BP Holdings Barcelona & Madrid Spain is the first place to check online when you are in need of tips and relevant market trends. Status: Free Language: English Type: Public (group is listed in Multiply directory of groups) Category: Business Membership: Membership is open to all Multiply users. Content: Group content may be viewed by non-members. Group members may post: Blog, Photos, Video, Calendar, Reviews, Links, Notes and Products. Posts are not moderated.  (Jan 27, 2013 | post #1)

Top Stories

BP holdings-BP-Rosneft deal 'zet Rusland ontoegankelijk v...

Ik zal moeten delen deze blog en de informatie die ik hier gevonden echt geen waarde in geld, maar meer dan het heeft. Bedankt voor deze mooie inspanning die je hier in de vorm van dit bericht zetten.  (Oct 31, 2012 | post #2)