And The BP Hits [Suits] Keep A Comin'

Discussion in 'Current Events' started by The T, Jun 23, 2010.

  1. The T
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    The T George S. Patton Party Supporting Member

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    This time? New York Has Entered the Fray.

    UPDATE 3-New York pension fund to sue BP for investment losses

    [Snip]

    June 23 (Reuters) - New York state's pension fund plans to sue BP Plc (BP.L) (BP.N) to recover losses from the drop in the company's stock price following the worst oil spill in U.S. history, state Comptroller Thomas DiNapoli said on Wednesday.
    New York's Common Retirement Fund has a long history of serving as the lead plaintiff in shareholder lawsuits. DiNapoli said the fund owned more than 19 million shares when the Deepwater Horizon rig exploded in the Gulf of Mexico in April.

    DiNapoli, the sole trustee of the $132.6 billion state pension fund, has hired law firm Cohen Milstein Sellers & Toll to represent the fund.

    "BP misled investors about its safety procedures and its ability to respond to events like the ongoing oil spill and we're going to hold it accountable," said the Democratic comptroller, who will stand for election in November.
    Dennis MacKee, spokesman for the $104 billion Florida state pension system -- one the largest in the United States -- said: "We're monitoring the lawsuit and all developments," adding, "but we have not come to any decision."

    [/SNIP]

    Wowsers! BP? Kiss your ass goodbye. The gravy train is on the road and guess who's on the menu?
     
  2. Yurt
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    Yurt Gold Member

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    these types of cases are not as easy as they appear....

    and i'm not sure yet whether BP is solely responsible...while they are the face of the disaster for being in charge of the rig....we don't have all the facts on what exactly went wrong
     
  3. B. Kidd
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    B. Kidd Gold Member

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    Trial lawyers lickin' chops.
     
  4. The T
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    The T George S. Patton Party Supporting Member

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    True enough. We have though a State as New York that is leaking people...ironically to Florida and other RED STATE venues sans State income Tax...

    How else are they gonna make up the revenue lost? Fact is they're considering such a thing rather than cut back on their programs and *GASP* their own bloated Government?

    BP is another Cash Cow another group of Statists want to milk for what they can for poor planning. Their excuse for the suit is piss-poor. But then? Weren't we told when Bush had fronted putting a copuple percent of Socialist Security into Stocks and Bonds for a better return...was rebuffed by the Statists as "Too risky"...
     
  5. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    accidents happen, the investers knew their were certain risks before they bought stock in BP. Until after the investigation is complete it's still classified as an accident. Now if it has been proven that BP is at fault then I believe the investers have the right to get back everything they lost.
     
    Last edited: Jun 23, 2010
  6. sangha
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    sangha Senior Member

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    Time to take your meds. NY States' population is rising.

    http://www.factmonster.com/ipka/A0004986.html
     
  7. DavidS
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    DavidS Anti-Tea Party Member

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    Can anyone say Exxon-BP?
     
  8. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Im just wondering where the line is going to be drawn with the lawsuits.

    Are the tittie bars in Tennesee going to be able to sue b/c there are'nt as many dudes going on vacation from Louisiana and visiting there fine establishments? Are the "dancers" going to be able to sue b/c they are'nt getting as many lapdance request from patrons b/c they cant afford them?

    Where does it end?


    Hell, I might sue b/c I am tired of hearing what a F'd up job the Obama regime is doing with the handling of the disaster!



    Cap and trade bitches!!!! Its coming..... and I might want to sue b/c of that!!!!


    DAMN IT!!!! I'M SUING TOO!!!!
     
  9. Mr. H.
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    Mr. H. Diamond Member

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    Everyone please dump your BP stock holdings. I'm still holding out for a lower price.
    Stay out of the kitchen if you can't cook with the big boys.
     
  10. Sinatra
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    Sinatra Senior Member

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    Man, I fell for that damn bug on your screen!!!

    :lol::lol:
     

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