BP Money Grab?

BP Money Grab?

Posted: Updated:

You've seen the commercials, file a claim against BP and get cash.

"You don't have to prove your downturn was due to the oil spill," says on ad.

Now BP is crying foul, calling into question the interpretation of the settlement agreement signed last year.

In a statement released before today's hearing head of BP communications Geoff Morrell says: "...it has ignited a feeding frenzy among trial lawyers attempting to secure money for themselves and their clients that neither deserves. "

"You had every lawyer in the world, literally, to look over before you settled." Gulf Shores businesswoman Tracy Redding continues to fight through the claims process. "You turn on your TV and you have the alternating, from lawyers we can help get you money and the BP commercials about how great life is. Makes me want to throw my shoe through the television very, very regularly."

She's not alone. "What did you expect BP?" asks Orange Beach mayor Tony Kennon. "When you put 8 billion dollars and a pot of gold and gave it to the attorneys and that's essentially what you did when you decided to settle."

Under the settlement businesses can use profit and loss statements to qualify for BP cash.

"Do you blame a lawyer? They now know a formula. They can take a community like Huntsville and say okay, how much business did they have to lose to make this worth our while."

The end result is a money grab. "Even if you don't think you have a claim," says the TV ad. Leaving real victims of the spill still waiting three years later.

The justices gave no indication of when they would rule on the appeal but seemed skeptical that BP had the legal rights to change how claims are being paid given that it had agreed to the terms.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Brewton Woman On Life Support Following Swimming Accident

    Brewton Woman On Life Support Following Swimming Accident

    Wednesday, April 23 2014 6:53 PM EDT2014-04-23 22:53:43 GMT
    Stephanie Smith is in a coma at a local hospital following a swimming accident in Orange Beach Easter Weekend.
    Stephanie Smith is in a coma at a local hospital following a swimming accident in Orange Beach Easter Weekend.
  • Navy Investigates Ex-Blue Angel Commander

    Navy Investigates Ex-Blue Angel Commander

    Thursday, April 24 2014 10:52 AM EDT2014-04-24 14:52:44 GMT
    Capt. McWherter (left) signs autographs for Blue Angel fans.Capt. McWherter (left) signs autographs for Blue Angel fans.
    News 5 has learned of shocking allegations concerning the Navy's elite flying team, The Blue Angels, and its former commander, Captain Gregory McWherter.
    News 5 has learned of shocking allegations concerning the Navy's elite flying team, The Blue Angels, and its former commander, Captain Gregory McWherter.
  • More Teens are Smoking Spice

    More Teens are Smoking Spice

    Wednesday, April 23 2014 11:14 PM EDT2014-04-24 03:14:18 GMT
    We take a closer look at how and who synthetic marijuana affects. News 5's Tiffany McCall sat down with a teenager who shares his encounter with the drug and what health officials are facing.

    We take a closer look at how and who synthetic marijuana affects. News 5's Tiffany McCall sat down with a teenager who shares his encounter with the drug and what health officials are facing.

Powered by WorldNow

555 Broadcast Dr,
Mobile AL 36606

Telephone: 251.479.5555
Fax: 251.473.8130
Email: news5@wkrg.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.