Chapter 11 Watch for BP – States Preparing Massive Claims Against BP
The chapter 11 watch goes on for BP. Yesterday’s Wall Street Journal included an informative article regarding states preparing claims against BP. The artticle indicates massive claims ahead, and that even Atlantic Coast states are considering claims. The article also reflects differing approaches to the choice of counsel to pursue claims. The article also says the claims will not be asserted to the BP trust, and instead will be state court lawsuits.