Friday, September 17, 2010

BP (NYSE:BP) Manipulated Alabama Governor Says Attorney General

The battle of words between the Governor of Alabama, Bob Riley, and Attorney General Troy King has reached fever pitch, as they're slamming each other through the media, with the latest volley coming from King, who said the governor had been manipulated by BP (NYSE:BP) over the oil spill.

Against the wishes of Riley, who was in the midst of negotiations with BP for payment, King decided to file a lawsuit, which complicated the matter and caused lawyers of BP to advise them to stop the negotiations.

Riley blasted King yesterday for being responsible for budget cuts that wouldn't have happened if he hadn't filed the lawsuit.

King claims Riley should have used the lawsuit as leverage against BP, rather than criticising him for it.

Alabama made a claim against BP for $148 million for tax losses.

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