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Does the Court of Public Opinion Matter? Just ask British Petroleum

Strange as it may seem the perception of the parties in and outside a Court room matter in settlements and verdicts. British Petroleum announced a 7.90 billion settlement at two years after the pipeline leak that covered the coast with oil. BP said they wanted this done and they paid a premium to get the cases resolved. Consider the fact that the insurance companies still have the victims of Hurricane Katrina tied up in Court. BP’s settlement at two years after the event was nothing short of amazing. BP has made every effort that a large multinational could to save face in a bad situation. Have people been treated unfairly? I am sure some have. However, in the grand scheme of how insurance companies make a living by exploiting the very people they promise to help, BP’s behavior is a breath of fresh air.


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