It’s been difficult to watch BP’s calculated plan to cut-and-run from its obligation to citizens of the Gulf. Given recent findings of a third-party claims audit, it appears that BP might finally be forced to stop manufacturing delays and, instead, begin paying claims. The following article from Seeking Alpha provides an excellent summary of the audit results and the expected impact on BP.
Dec. 2, 2014 1:48 AM ET
Summary:
- BP demanded to see the results of an audit on the claims process against its oil spill.
- The audit results have been made public, and BP is left with egg on its face again.
- The billions in pending business economic loss claims now have a clearer landing to become future charges.
Please click to read the full article:
http://seekingalpha.com/article/2723085-ouch-bp-should-have-been-more-careful-for-what-it-wished-for