Wednesday, August 11, 2010

Can BP (NYSE:BP) Get Fair Trials in New Orleans?

I'm not sure if people understand the implications of rejoicing in the majority of cases to be tried related to BP (NYSP:BP) and the consequences of their oil spill has been announced to be in New Orleans, but they're basically saying BP isn't going to get a fair shake in that location.

That's an unfortunate conclusion, as there should be no favoritism shown by the judges based on the venue, and because Americans are all positive about these cases being decided to be tried there, reveals they understand the poor condition of the judiciary in that they believe it's positive for plaintiffs in the first place.

One lawyer stated, “Louisiana is bearing the brunt of the blow so far. From the victims’ standpoint, you couldn’t have a better location.”

I find it troubling that the very transparent and open assumptions by many are BP will get harsher treatment because the trials are at a major city closest to the disaster.

Presiding over the 300 plus lawsuits against BP will be U.S. District Judge Carl Barbier, where he'll take in cases related to lost revenue, environmental damage, and wrongful death suits concerning the workers killed when the Deepwater Horizon oil rig first exploded.

There will be some lawsuits tried outside of New Orleans, which will entail investor lawsuits related to the oil spill. They will be tried in Houston, Texas.

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