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Gold/Mining/Energy : ATPG Shareholders
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To: Kramer38 who wrote (2877)3/21/2013 11:26:38 AM
From: mrpanick1 Recommendation   of 3620
 
Assuming that ATPG is able to reorganize in some form, the new company will have the case against BP as an asset. It won't be decided before ATPG reorganizes. I think (speaking as a non-lawyer) that it;s probable they would receive something from BP - either as a settlement or verdict. BP has certainly paid out money for much weaker cases than what ATPG has against them.

I don't buy the argument that the case is too expensive to litigate. They have lawyers on staff anyway. I don't buy the argument that it has to be funded in a big way currently. They probably just do a couple of filings to get the case in court and pay the bulk of the costs at the trial which would happen after they hopefully reorganize.
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