BP Directors Sued by Investors Over Gulf Spill Costs - GoFuckYourself.com

D Ghost · 05-24-2010, 04:15 PM

Quote:

May 24 (Bloomberg) -- Directors of BP Plc, the largest producer of oil and natural gas in the Gulf of Mexico, were sued by investors who contend they were negligent in failing to monitor safety operations before a massive, continuing spill.

The April 20 wellhead explosion and fire in the Gulf claimed the lives of 11 workers and ?threatens to be the worst oil spill disaster in history,? shareholder Southeastern Pennsylvania Transportation Authority claims in a Delaware Chancery Court lawsuit filed May 21 in Wilmington.

Directors violated their duties to the company, causing ?enormous economic harm for failure to act in the interests of BP and its shareholders? and exposing the company to liabilities in the billions of dollars, Septa lawyers contend.

The lawsuit lists potential damage claims of about $2.5 billion to the Gulf fishing industry; $3 billion to tourism; $700 million in remediation efforts so far; $6 million a day in continuing costs and ?incalculable damages to BP?s reputation.?

The complaint also says BP?s stock-drop has wiped out about $40 billion in market value.

http://www.businessweek.com/news/201...-update1-.html

Fletch XXX · 05-24-2010, 04:17 PM

with companies like these we dont need terrorists

PornMD · 05-24-2010, 04:19 PM

I bet anything that the investors doing this were in perfect approval of their cost-cutting measures regarding the valves that may have led to the disaster, because the stock wouldn't have been as high otherwise. I say fuck 'em.

Lycanthrope · 05-24-2010, 05:36 PM

Quote:

Originally Posted by PornMD

I bet anything that the investors doing this were in perfect approval of their cost-cutting measures regarding the valves that may have led to the disaster, because the stock wouldn't have been as high otherwise. I say fuck 'em.

A-Greed.

fatfoo · 05-24-2010, 06:00 PM

Unbelievably high cost damages.

alias · 05-24-2010, 06:01 PM

I sell oil spills by the sea shore.

PornMD · 05-24-2010, 06:19 PM

Here's an idea - if BP is going to pay any money beyond solving this problem, it should be to alternative fuel measures to move beyond oil. That's the real way to fuck 'em in the ass anyways, to get cars and everything else to not be dependent on oil.

LoveSandra · 05-24-2010, 07:16 PM

Quote:

Originally Posted by PornMD

I bet anything that the investors doing this were in perfect approval of their cost-cutting measures regarding the valves that may have led to the disaster, because the stock wouldn't have been as high otherwise. I say fuck 'em.

indeed

dav3 · 05-24-2010, 07:29 PM

Quote:

Originally Posted by Fletch XXX

with companies like these we dont need terrorists

sad but true

Fletch XXX · 05-24-2010, 08:00 PM

good vid to watch

http://link.brightcove.com/services/...id=87314616001

nathan_madness · 05-25-2010, 01:05 AM

Yeah well they deserve it!

05-24-2010, 04:17 PM	#2
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	with companies like these we dont need terrorists __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

05-24-2010, 04:19 PM	#3
PornMD Mainstream Businessman Industry Role: Join Date: Jan 2007 Location: San Diego Posts: 9,291	I bet anything that the investors doing this were in perfect approval of their cost-cutting measures regarding the valves that may have led to the disaster, because the stock wouldn't have been as high otherwise. I say fuck 'em. __________________ Want to crush it in mainstream with Facebook ads? Hit me up.

05-24-2010, 06:00 PM	#5
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	Unbelievably high cost damages. __________________ Send me an email: [email protected]

05-24-2010, 06:01 PM	#6
alias aliasx Join Date: Apr 2001 Posts: 19,010	I sell oil spills by the sea shore. __________________ https://porncorporation.com

05-24-2010, 06:19 PM	#7
PornMD Mainstream Businessman Industry Role: Join Date: Jan 2007 Location: San Diego Posts: 9,291	Here's an idea - if BP is going to pay any money beyond solving this problem, it should be to alternative fuel measures to move beyond oil. That's the real way to fuck 'em in the ass anyways, to get cars and everything else to not be dependent on oil. __________________ Want to crush it in mainstream with Facebook ads? Hit me up.

05-24-2010, 08:00 PM	#10
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	good vid to watch http://link.brightcove.com/services/...id=87314616001 __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

05-25-2010, 01:05 AM	#11
nathan_madness Confirmed User Join Date: Feb 2008 Location: Brisbane, Austraila Posts: 133	Yeah well they deserve it!