BP offers one-off payouts to stem Gulf oil spill lawsuits
US lawyers say tens of thousands of affected people in the Gulf, particularly those in the fishing and tourism industries, are weeks away from bankruptcy.
BP will begin its legal offensive this month to cap its liabilities from the Gulf of Mexico disaster by offering those affected one-off compensation payouts in return for them waiving the right to sue.
Lump-sum compensation offered in return for waiving the right to sue, but uncertainty remains for those indirectly affected.
read the entire article at the link above.
Blogging from Slidell, Louisiana about loving life on the Gulf Coast despite BP and Katrina
Subscribe to:
Post Comments (Atom)
Tom on Those Pesky Student Protestors
It'll be interesting how these increasingly confrontational battles between witless students and the agitators that care nothing for the...
-
Although it has been open for over four years now, there really wasn't a lot of hoopla about the reopening of the "Bay Bridge"...
-
New Orleans will soon be welcoming home a New Orleans native and his wife. Jeff St. Romain is leaving his post as president of Volunteers...
No comments:
Post a Comment