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Monday, October 05, 2015
BREAKING NEWS: Justice Department approves settlement with BP
BP will pay the largest settlement in US history – worth more than $20 billion – to resolve claims linked to the 2010 Deepwater Horizon oil spill disaster in the Gulf of Mexico, Attorney General Loretta Lynch announces.
6:09-A lot of the legal decision makers are older individuals who cannot grasp todays' money equivalent as opposed to say 20 years ago.The increased costs were not factored in accordingly.In 1995 a settlement of this magnitude would have been in order.
3 comments:
It's pennies on the dollar.
Chump change. With all the price manipulations since then, BP has collected more than triple that amount.
6:09-A lot of the legal decision makers are older individuals who cannot grasp todays' money equivalent as opposed to say 20 years ago.The increased costs were not factored in accordingly.In 1995 a settlement of this magnitude would have been in order.
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