Friday, June 25, 2010

Lawyers Want More of BP (NYSE:BP) Escrow Fund

In an hilarious turn of events, at least in the eyes of tort lawyers, they're "shocked" that the uses of the $20 billion escrow fund by BP (NYSE:BP) will include other uses than compensating the victims of the Gulf tragedy.

What do they mean by that? There isn't as much money for them to confiscate for themselves through the lawsuits they're in the process of initiating.

Since the fund was announced, the uses of it have already been eyed for reasons beyond legitimate victims, it's already created a circus atmosphere around it.

Devastated little environmental lawyer Robert Kennedy, said in a screed, "That was sold to the American public as a compensation fund. And now we have learned that they can use it for whatever the heck they want to use it for."

These lawyers are only made because they've taken on clients pro bono to get their hands on the money, and now the amount of money they can sue for may not even be there, ruining their strategies.

If these lawyers were so concerned, they would lower their usual fees to close to nothing in the face of their purported concerns over the claimants.

After all, how much will be left once the lawyers get their take? We all know the answer to that.

4 comments:

Keith Hibbard said...

Well those are legitimate victims suing for losses they are entitled to as a result of BP. Do you expect the lawyers to do this for free the have student loans to pay out they have expenses too, these lawyers arent always crooks looking for a quick buck from a tragedy they are assisting people to get money these people have lost from BP. Did you know BP is responsible for 97% of safety violations in the US for Oil service companies over the last 3 years prior to this incident. These jokers deserve to go bankrupt and force to liquidate in order to pay the honest claims for these people, and yes the lawyer fees that come with that.

Anonymous said...

You must be a lawyer Keith.

Anonymous said...

Lawyers crooks !!! Always ..may be not. Most of the times .... always.

Anonymous said...

Bankrupt--now that's a Great idea. Why don't we all go down with the ship. Lost jobs, lost pensions, honest claims, clean-up--why don't we just let the govt. take care of it. BP or the govt--who do you think can clean this mess up? My bet is BP, but not if they're bankrupt. Do you really think that anyone deserves to go bankrupt? Have a little FAITH!!