Four Years After the Spill, Legal Feeding Frenzy Continues

It has been more than four years since the spill, and BP has paid out over $12 billion to more than 275,000 claimants under an unprecedented settlement agreement designed to quickly compensate victims. But then the plaintiffs’ lawyers got involved and now, it seems, there is no end to what they will do to conjure up lawsuits and exaggerate claims to line their own pockets. The abuse has been well documented by the New York Times, the Wall Street Journal and most recently on 60 Minutes. In fact, the downright absurdity of the court supervised claims system has every greedy trial lawyer in America wishing they had offices on the Gulf Coast. Read more.

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