Is or isn't BP getting raped by the trial bar?

Posted on Jul 14, 2013

Are the actions of lawyers counterproductive to corporate America? This article argues that BP tried to do the right thing and that the civil trial bar is acting not too civil in its approach to the civil reparation fund BP set up. The theme is that the ‘trial lawyers’ are raping the fund to line the pockets of those filing claims. Well, this is Louisiana isn’t it? You know the place where The Kingfisher long known for social redistribution. If it’s true those arguing the position have a good point. But I don’t know enough about what’s going on down there to have any sort of an opinion although I will say if it can be proven to be true maybe Louisiana shouldn’t be the venue for future class actions.

“Long is best known for his Share Our Wealth program, created in 1934 under the motto "Every Man a King." It proposed new wealth redistribution measures in the form of a net asset tax on corporations and individuals to curb the poverty and homelessness endemic nationwide during the Great Depression. To stimulate the economy, Long advocated federal spending on public works, schools and colleges, and old age pensions. He was an ardent critic of the policies of the Federal Reserve System.”

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Steve Lombardi
Iowa personal injury, workers' compensation, motorcycle, quadriplegic, paraplegic, brain injury, death