Quote:
Originally Posted by CDSmith
Tell me if I have this right;
BP set aside $20 billion USD for compensation (to locals, fishermen, etc)
BP to date has paid only $4 billion of that, mostly in the form of one-time buyout payments (that those who signed for them didn't at the time know what they were signing)
Ongoing compensation payouts to locals is too slow and dragging on while peoples' livelihoods suffer.
The BP lawyer who is handling the compensation payouts is himself being paid over $800K PER MONTH, and his salary just went up to $1.2 MILLION per month.
That about right?
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That is about right...except that...unless I am mistaken...even though those that have accepted a payout still have the right to sue...and I don't think it is a BP lawyer that is in charge of the payouts. One of the reasons that payouts are not being made faster is because of fraudulent claims and frivolous claims. Hundreds of thousands of claims have come in from all fifty states and all of them have to be investigated. Thousands of fraudulent claims have been turned over to the AG and some will probably be prosecuted.