This is a sad commentary on the self-serving litigiousness of American society, by a the CEO Hayward of BP regarding the certain flood of scam law-suits that are sure to be filed along with legitimate ones...
Mr Hayward reiterated a promise that BP “will honour all legitimate claims for business interruption”. Asked for examples of illegitimate claims, he said: “I could give you lots of examples. This is America — come on. We’re going to have lots of illegitimate claims. We all know that.”
Politicians, and especially democrat politicians, have been bought lock, stock, and barrel by the trial lawyers associations. That's why much needed tort reform is a distant dream for the US. Smarmy trial lawyers have been circling for years waiting for a chance to get their slimy hands on some big-oil money, just as they did with big-tobacco and currently do with big-pharma. But who really pays for these legalized thefts....the consumer. Sure, BP has some paying to do and I support legitimate them paying for legitimate losses but, there will be thousands of illegitimate attempts by lying citizens and lying attorneys to get a piece of the pie.
A loser pays system would solve much of this problem. As it is, there's no reason not to sue, I mean other than shame and dishonesty, because a loss costs the plaintiff nothing.
2 comments:
The oil companies all claim minimal profits, yet BP just shelled $25 milion each to MS,AL, FL for beach protection. If you got $75 mil sitting in the checkbook and can spare it, you must be making something!
Yes the oil companies do post profits in the billions but, they're costs per dollar of revenue are far below that. The profits the media whine about are before costs are subtracted.
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