As pressure to begin lawsuits against companies involved with the Gulf of Mexico oil spill like BP (NYSE:BP), Transocean Ltd. (NYSE:RIG), Cameron International Corp. (NYSE:CAM) mounts, the companies are seeking to have Judge Carl Barbier, who is overseeing the cases, require almost all of them first go through the process of seeing if the qualify to be paid from the compensation fund set up by BP and administered by Kenneth Feinberg.
Even though it seems slow at this time receiving money from the funds, the idea is it would still be much quicker than using lawsuits, and it would probably pay more when considered the approximate 30 percent lawyers get for whatever judgements they win.
The only downside is if claimants don't qualify, which they will have then put off beginning legal proceedings for months.
Either way, the trials will take time, and it seems worth the attempt to see if they qualify for compensation funds, especially for those making claims who live near the Gulf coast, who are getting the priority treatment from the fund as far as who qualifies.
Showing posts with label Carl Barbier. Show all posts
Showing posts with label Carl Barbier. Show all posts
Thursday, September 16, 2010
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.
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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