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Signature Group Holdings, Inc. Message Board

stakeholder_9999 18 posts  |  Last Activity: Jun 17, 2014 9:57 PM Member since: Aug 12, 1999
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  • One would think that Monsanto would be proud of their GMO products and would want them to be labeled!

    So what is the value of Monsanto's "Good Will" if it can't be advertised?

  • stakeholder_9999 by stakeholder_9999 Jun 10, 2014 5:52 PM Flag

    LA Senate Bill 469 bans lawsuits retroactively against oil companies!

  • LA Senate Bill 469.

  • stakeholder_9999 stakeholder_9999 Jun 10, 2014 4:37 PM Flag

    Ironic isn't it hetedrol,

    BP which is now accusing other businesses owners of fraud is the very same company (BP) some of whose own employees HAVE been convicted of the fraud of hiding evidence regarding the circumstances of the cause of the Macondo blowout and the size of the oil spill.

    Now is it unreasonable or even fraudulent if, if for example, a car dealership in LA which sold automobiles primarily to fishermen should wish to make a claim against BP because sales are off would wish to make a claim against BP?

    We haven't even gotten to the injured clean-up employees who may have by now now come down with cancer after being exposed to BP's oil and Corexit?
    Are these people all supposed to show a direct correlation relationship of their cancers to BP's oil and dispersants spilled in the Gulf in 2010?

    Let's have some real independent numbers for the presumed fraud and not just the fallacy of anecdotal evidence, such as the direct statistical evidence for convictions for fraudulent claims versus all claims.

    It should be noted that the total value of the amount of fraud convictions, $12 Million, has been reported to so far be 2/100's of 1 Percent of the total amounts, $42 Billion, claimed against BP.

    Not very much, don't you agree, hetedrol?

    Or does BP now whish that we are no longer are to be "presumed innocent until proven guilty by a court of law"?

    Would not the management of BP whish for the same consideration for themselves?

  • Supreme Court Rules BP Must Still Pay Claims
    JUNE 9, 2014
    New York Times

    But was this unexpected?

    "BP Shareholders – Are you mad as hell at lawyers?" [GOOGLE]
    Posted by Tom Young
    June 3, 2014 10:45 AM

    And as for “fraud,” BP can only account for a bit over $12 million out of $42 billion, or .0002 of all claims. With most if not all convictions for same stemming from BP’s own in-house claims program, the now defunct GCCF, not the current payment system.
    Who’s getting rich?
    Lawyers are. Just not the ones you think.

    BP has become one big law firm, employing hundreds of in-house and outside lawyers. Total attorneys fees have swelled beyond $1 billion according to recent reports.

    Deadline? What deadline?
    This should have all been over by now. When the Settlement Agreement was executed and Kumbayah sung over two years ago, April 22, 2014 seemed an eternity. That was the agreed upon last day anyone could submit a claim to BP, after April 22, 2014 he was out of luck.
    Game over. Case closed. BP was to be fully released from nearly all commercial liability over six weeks ago.

    But April 22, 2014 has come and gone and the Claims Administration is still open for business. In fact, according to the Settlement Agreement, the Claims Administrator will continue to accept new filings for at least another six months, and likely much longer (but see this caveat for claimants who procrastinate in Section 21.3).

    So the soonest possible deadline, as of today, is December 3,[9] 2014. Worse for BP, that date extends by each day BP keeps its losing appeals alive.

  • Reply to

    BP Motion Denied Today

    by vikkitrader Feb 26, 2014 2:34 PM
    stakeholder_9999 stakeholder_9999 May 21, 2014 2:42 AM Flag

    "Well, that's only the "criminal" fraud tally."

    Really, cuiosity99,
    What other kind of fraud is there?

  • Unsafe working conditions include rig areas covered in a “thick film of drilling mud,” supposedly watertight equipment that actually leaked and safety equipment that was past its inspection date. The recording of maintenance issues was “substandard with missing information and poor quality reports that lacked sufficient detail to convince the reader that the task had actually been performed in accordance with the procedure.”

    The findings reinforced those in two separate audits, obtained by The Times, that were performed in March and April by Lloyd’s Register Group, a maritime and risk-management organization. In an audit conducted April 1 to 12, investigators identified 26 components and systems on the rig that were in “bad” or “poor” condition.

    A month earlier, an audit on the rig’s “safety culture” by a separate division of Lloyd’s found some workers were dismayed about safety practices and feared reprisals if they reported mistakes.

  • stakeholder_9999 by stakeholder_9999 May 20, 2014 7:27 AM Flag

    Fair compensation and recovery not likely to happen for the citizens of Louisiana or their businesses. If history repeats itself, it could take over 19 years for Louisiana to wait for compensation from PB. Our last oil related crisis, the oil spill from the oil tanker the Exxon Valdez, resulted in Exxon escaping from paying any significant fines, fees and punitive damages for the 11,000 million gallons of oil spilled in Prince William Sound March 24, 1989.
    The Exxon Valdez case of Baker v. Exxon an Anchorage jury awarded $287 million for actual damages and $5 billion for punitive damages. Most Alaskans believed this was a just and fair settlement. It was the first time the extensive damage to their coastal envirnoment was being addressed. Exxon appealed the ruling and a ruling by the 9th U.S. Circuit of Appeals on December 6, 2002 reduced it to 4 billion. After more appeals on January 27, 2006 the damages award was reduced to $2.5 billion. Exxon repealed again, and on February 27, 2008, the Supreme Court heard oral arguments for 90 minutes and on June 25, 2008 Justice David Souter issued the judgment of the court, vacating the 2.5 billion award and recommended the case back to a lower court, finding that the damages were excessive with respect to maritime common law. The judgment limits punitive damages to 507.5 million. I'm not an expert on maritime common law, but I would guess not much has changed since 2008. I hope Louisianians take note and will not allow BP lawyers to wear them out, leaving all hope for compensation for the current damage. Our courts should be here to protect the rights of our citizens and our environment. History does not need to repeat itself.

  • Oil disaster brought to you by deregulation: Bob Marshall
    The first thought is prompted by the endless parade of Louisiana politicos who can't seem to get enough face time lately showing their concern for the horrendous harm oil poses to our coastal wetlands, all the while stressing how important that habitat is to our economy, culture and future. Gov. Bobby Jindal, Sens. David Vitter and Mary Landrieu, Rep. Charlie Melancon and many more are doing a replay of President Bush's 9/11 photo ops: visiting the scenes of destruction, hugging the hearty locals terrorized by the disaster and pledging to make those responsible accountable for the dastardly deed.

    Well, if they're serious about that accounting, they can start by looking in the mirror.
    The shock and arrrgh being expressed by these folks -- and many of their constituents -- at the terrible environmental gamble that comes with offshore drilling goes beyond preaching caution after the horse is out of the barn. After all, these same groups helped open the barn door, hung a feed bucket around the horse's neck and then gave it a good slap on the rump to speed it on its way.

    I'm talking about the fervor for deregulation, the movement to eliminate federal laws that protect people and the environment.

    That has been a battle cry for conservative politics for three decades. It was Ronald Reagan who famously made "get government off the backs of business," a winning strategy. And it was George W. Bush who pushed to rewrite the rule books for energy development on public property, rolling back protections for fish, wildlife, air and water under the banner of streamlining the nation's race for energy. That movement sought to turn 40 years of bipartisan environmental protection on its head, and it did.

    Industry lobbyists and officials were appointed to key environmental positions with orders to make the environment safe for business -- especially the energy business. Agencies became boosters for development,

  • Safe or not, consumers are increasingly interested in what is in their food, including GMOs.

    David Ropeik, the author of the book How Risky Is It, Really? Why Our Fears Don't Always Match the Facts, says he thinks the food industry should endorse labeling so it can move past the debate.

    "By supporting labeling, companies would say, 'There's no risk, we have nothing to hide,'" he says.

    AP Science Writer Seth Borenstein and AP Medical Writer Lauran Neergaard contributed to this report.


    Genetically modified foods confuse consumers

    Mary Clare Jalonick, AP 9:03 a.m. EDT May 10, 2014

  • stakeholder_9999 stakeholder_9999 May 10, 2014 8:10 PM Flag

    What part of: that BP would "PLAY" the victim - don't you understand?

  • "For BP, this has been one unending nightmare from the moment the well blew out, all the way through the present day. It's been disastrous for the company," says [60 Minutes Scott] Pelley. "I could not have imagined that BP would play the victim four years after that catastrophe

  • As the say a corporation isn't "person" until Texas executes one!

  • stakeholder_9999 stakeholder_9999 May 5, 2014 12:07 AM Flag

    "People were on the edge of their seats," says Messick. "One of the things that made Mike Williams' story so rich was that he was literally still living it." It had only been a matter of days since Williams had found himself on the edge of the exploding oil rig, faced with the prospect of jumping more than 90 feet.

    Williams' interview also shed new light on the causes of the explosion.

    "Mike Williams was in a unique position on the rig," says Pelley. "Williams was in charge of all the computer systems, so he had a really good idea of what was going on all over the rig. There were so many things for weeks that led up to the blowout, and Williams was able to stitch all of that together and paint a picture of a project that was under a lot of pressure and in a lotta trouble."

    "It solidified in a lot of people's minds, including a lot of lawmakers, that BP was really responsible, ultimately," Messick says. "And, subsequently, they paid for it."

    Now, four years later, BP is crying foul, claiming the company has been forced to pay millions in compensation for losses that were unrelated to the oil spill. This latest chapter is the focus of Pelley's newest story on BP, which aired on the 60 Minutes broadcast this week.

    "For BP, this has been one unending nightmare from the moment the well blew out, all the way through the present day. It's been disastrous for the company," says Pelley. "I could not have imagined that BP would play the victim four years after that catastrophe.

  • stakeholder_9999 stakeholder_9999 May 4, 2014 11:56 PM Flag

    "Mike Williams was mesmerizing. Of all the interviews that I had done at 60 Minutes over all these years, that was one I will never forget," CBS News anchor Scott Pelley says of his 2010 interview with an oil rig worker who survived the Deepwater Horizon disaster. "He was about the best storyteller I'd ever met."

    Four years ago, when the Deepwater Horizon oil rig exploded in the Gulf of Mexico, 60 Minutes put a large team of about 20 staff members on the assignment. With only days to find an angle on the complicated and poorly understood breaking news story, producers divvied up the reporting work. One producer, Nicole Young, went searching -- by boat and helicopter -- for spilled oil, which hadn't made landfall in the Gulf yet. Another producer, Michael Karzis, was tasked with learning the science of oil rigs and deepwater drilling. Producer Graham Messick (featured in the above video) began calling families of the 11 crewmen who were killed in the blast.

    But it was one of the youngest members of the team who found the remarkable oil rig worker named Mike Williams, who told his story to Pelley on the broadcast just days after leaping from a burning rig -- a 10 story drop -- into an oil slick in the waters below. In the end, it was Williams' interview that made the difference for the award-winning two-part story, which aired in May 2010 (posted in full below).

  • May 3, 2014, 4:44 PM|

    Four years ago when the Deepwater Horizon exploded, one man made a harrowing escape from the burning rig and told his story on 60 Minutes.

  • Reply to

    More fraud uncovered

    by thesilverarrowflies Apr 30, 2014 5:53 PM
    stakeholder_9999 stakeholder_9999 May 1, 2014 3:35 AM Flag

    Louis Freeh needs to be questioned about his handling of the dirty Fremont case.

  • Cleanup underway at site of North Slope spill

    Posted: Wednesday, April 30, 2014 8:40 pm |

    Updated: 8:41 pm, Wed Apr 30, 2014.

    Associated Press |

    ANCHORAGE, Alaska - State officials have increased the size of an oil leak on the North Slope.

    Officials on Wednesday said an oily mist was sprayed over 33 acres of snow-covered tundra and 2 acres of gravel pad because of a pipeline failure. Initial reports said 27 acres of tundra were affected.

    Authorities say the release of natural gas and water containing crude oil was found during routine inspections Monday. The spray was active for about two hours before the line was isolated and depressurized.

    Crews are working in two shifts to clean the area of oil

    The spill happened at the BP Exploration (Alaska) west operating area in Prudhoe Bay, at H Pad Well 8.

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