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BP p.l.c. Message Board

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  • chrishasty_1982 chrishasty_1982 May 3, 2010 12:22 PM Flag

    BP can't LOSE

    Punative damages on this will be huge. This is one of the biggest environmental disasters in the history of the county. Make no mistakes there will be some serious backlash about this deal.

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    • To get punative damages don't you have to prove some sort of wrongdoing or gross negligence type of thing? I am not saying BP isn't going to pay a bundle, but conviction in the court is a lot harder than conviction in the press, and we still don't know where the blame will be apportioned after the disaster is fully investigated. To be more clear, for example, if BP relied on a bad part or service they had reasonable expectations would perform correctly, then where are the grounds for PUNITIVE damages, as opposed to the regular kind? Courts wont just award punative damages because big oil is unpopular, the nation is upset, or the current admin wants some political cover.

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