Thursday, February 13, 2014

BP Wins - Charities are Big Losers

Charities are the big losers as BP Oil Spill litigation drags on.
Charities are the big losers as BP Oil Spill litigation drags on. One claimant was a charity fund raiser that used fishing tournaments to generate donations. BP has not paid their claim. The oil giant has filed appeal after appeal after agreeing to settle claims throughout the Gulf Coast region. The spill happened nearly four years ago.

The end result of the litigation, claimants are left holding the bag.  For 11 years the fundraiser had attracted the best fisherman in the world. The event had raised $3 million. The claim has been on hold for 3 years. BP did not comment when a reporter reached out to discuss the matter.