Page 10
oct 30 2010
Author: Reuters
How the oil giant is following up on the largest spill in U.S.history.
BP was committed to waiving the legal cap on its liability from the Gulf oil spill. The company has publicly commited to pay cleanup costs and all"legitimate claims, than apply the cap. BP urged other defendants in the case to waise the liability cap. It also said it reserved the right to seek reimbursement from the other defendants and denied engaging in grossly negligent conduct, which would open the door to potentially huge punitive damages.
How did BP deny engaging in grossly negligent conduct? Its plan to setup the equipments has flaw. BP didn't do it against the rules of the industry. It is responsible for oil spill.
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