US has filed lawsuit against BP.

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Pondlife replied

16 December 2010, 10:05
Originally posted by Sysman View Post

They have conveniently forgotten that BP were leasing the rig, staff and all, from a US company.

Transocean are included in the suit. Haliburton is however, not.
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Pondlife replied

16 December 2010, 10:00
Originally posted by MarillionFan View Post

Hardly dinted the share price(already factored in).

Glad I own BP shares though.

True. They put aside sommat like $20b IIRC.
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Sysman replied

16 December 2010, 10:00
They have conveniently forgotten that BP were leasing the rig, staff and all, from a US company.
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Mich the Tester replied

16 December 2010, 10:00
Originally posted by Pondlife View Post

After Enron we got SOx. What will be the outcome of this one?

Loads of contracts for building and testing shiny new paper tigers. Fill yer pockets!
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MarillionFan replied

16 December 2010, 09:59
Hardly dinted the share price(already factored in).

Glad I own BP shares though.
Leave a comment:
Pondlife started a topic US has filed lawsuit against BP.

16 December 2010, 09:58
US has filed lawsuit against BP.

Lubey Linky

The companies named in the lawsuit are BP Exploration and Production Inc, Anadarko Exploration & Production LP, Anadarko Petroleum Corporation, MOEX Offshore 2007 LLC, Triton Asset Leasing GMBH, Transocean Holdings LLC, Transocean Offshore Deepwater Drilling Inc, Transocean Deepwater Inc and insurer QBE Underwriting Ltd/Lloyd's Syndicate 1036.

The key accusations are:

* Failing to take necessary precautions to keep the Macondo well under control in the period leading up to the 20 April explosion
* Failing to use the best available and safest drilling technology to monitor the well's conditions
* Failing to maintain continuous surveillance
* Failing to use and maintain equipment and material that were available and necessary to ensure the safety and protection of personnel, equipment, natural resources and the environment

"We intend to prove that these defendants are responsible for government removal costs, economic losses and environmental damages without limitation,"

Sooo, no Haliburton on the list I see.

After Enron we got SOx. What will be the outcome of this one?
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