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India On Media |
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| Weather
News |
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| BP's spill clean-up now shifts |
| BP's spill clean-up now shifts to the lawyers
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| UNITED STATES OF AMERICA
, 11-August-2010
5:6:17 AM |
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As BP Plc works on plugging up its blown-out oil well in the Gulf of Mexico, the clean-up is shifting from the engineers to the lawyers.
The legal cases against BP and others are only beginning, and lawyers involved predict the ultimate cost may exceed the $20 billion the company has promised for a claims fund.
A federal panel named a judge on Tuesday who will oversee hundreds of lawsuits brought by injured rig workers, fishermen, and hotel owners, setting in motion one of the biggest legal cases in US history.
Progress on permanently capping the damaged well may have helped to boost the defense of BP and other defendants, including Transocean Ltd, Halliburton Co, Anadarko Petroleum Corp, Mitsui & Co and Cameron International Corp.
BP is drilling a relief well that is on track to permanently shut down the Deepwater Horizon well this week. Staunching the world's worst offshore oil spill at least prevents a fight over how much of the fuel might still pour into the Gulf
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