Look under rocks, and're likely to find worms. Dig in a multibillion-dollar legislation, and discover probably financial shenanigans. This proves the BP claims chaos in the Gulf of Mexico.
Quick review: as I cover storyreported in a current Bloomberg BusinessWeek-, process the deals 2010 spill Gulf after BP (BP) dough led demands to some pretty far-fetched to oil company. BP, more than 25 billion $ in compensation claims and cleanup costs already paid has, the presiding Federal Judge Carl Barbier of New Orleans asked to intervene. He refused, but appointed in early July by former FBI Director Louis Freeh, to investigate. The next day I predicted , based on my brief encounter with the court documents, Freeh had his big day.
BP now has a renewed request that Barber temporarily from the process due to fresh allegations of fraud. First the company points out, that two private lawyers for the claims facility - worked assessment cases controversial, while their own firms trying represent money BP plaintiffs. If true, that sounds pretty obvious conflict of interest, indicating lax management over the claims.
Secondly, BP says in its new dishes, submission, that two other employees in a claims Office in mobile, Alabama, due to allegations has been exposed that one half of them related and other people to excessive receive payments in return for kickbacks. This revelation follows the earlier suspension of two senior lawyers who work for the operation of claims in New Orleans to Kickback allegations. This bottle clear Red increasingly apparently without effort by Freeh. Sure it's got the advantage of BP lawyer alarming evidence turns just by cross indexing partnerships and by operating a fraud tip line.
The striking of this situation is it is as unnecessary. BP has acknowledged misconduct in connection with the oil spill and opened a company in the course of an industrial disaster the spigot of money, that is, what are we to do. Plaintiff lawyers stand hundreds of millions of dollars for their trouble making, but that was apparently not enough. Coat Don overreaching gave BP the chance of the victim. This additional years of litigation and lengthy distraction from what ever ecological and economic consequences in the Gulf region deserves attention.
And now, a former FBI Director over rocks, who knows is what he will find, wiggle?
Barrett, an Assistant Managing Editor and senior writer at Bloomberg BusinessWeek, is working on a book about the Chevron oil pollution case in Ecuador, which is scheduled for publication by Crown in 2014. His latest book is called GLOCK: the rise of America's gun.
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