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BP plc Message Board

  • harold33272 harold33272 Apr 20, 2013 3:11 PM Flag

    How concerning is it that Mississippi and Florida have now filed suits?

    First, let me say I find it a little odd that both Mississippi and Florida wait until the 11th hour, some three years after the spill, to file suit against BP. If you're incredibly concerned about recovering damages for and on the behalf of the people of Mississippi and Florida, why on earth would you wait three years later to file a suit for which you are trying to recover damages?

    Secondly, any time a company is hit with a lawsuit, particularly by a state, I'd hardly call it a non-event. So surely there will be some additional settlement money awarded here.

    I've taken a position in BP this spring largely because of the outstanding dividend and the belief that the worst was behind the company. My question to other BP investors is, what's the level of confidence that the dividend will remain in good shape (uncut) going through all this (multiple phases of the trial and subsequent additional settlements)?

    Thanks

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