Wednesday, June 16, 2010

How Much Will BP Pay and How?

The NYTimes reports that BP has agreed to set aside $20 billion for a compensation fund.  Ken Feinberg will be the independent administrator.   In the last ten years Feinberg has become the gold-standard of mediators and administrators. 

If you're worried about whether BP can pay, its operations garnered $27.7 billion in cash last year. It had about $24 billion in debt with a debt to equity ratio of 20%. 

The NYTimes feature Room for Debate addresses the oil spill today with entries by the following:

ADL

http://lawprofessors.typepad.com/mass_tort_litigation/2010/06/how-much-will-bp-really-pay.html

Current Affairs, Environmental Torts, Mass Disasters | Permalink

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