BP Letters, Ads Commit To Contesting Deepwater Payouts

Law360, New York (June 26, 2013, 8:14 PM EDT) -- BP PLC continued its fight Wednesday against the methodology used to calculate claims for its estimated $7.8 billion Deepwater Horizon economic loss settlement, paying for full-page ads in three major U.S. newspapers and warning plaintiffs' lawyers that the company won't be shy in seeking reimbursements.

Promising to pay all “legitimate claims” to businesses and individuals harmed by the massive 2010 oil spill, BP said in the ads running in The New York Times, The Wall Street Journal and Washington Post that they are being forced to...
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