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Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: Kramer38 who wrote (2857)	3/20/2013 8:45:46 PM
From: Lottopol	1 Recommendation Read Replies (1) \| Respond to of 3620

ATPG may not win anything from BP, but it wil not be for lack of resources to litigate. There are many attorneys who will take a case like this on a contingency basis. The Tobacco companies had much more resources than the smokers but that made no difference once contingency fee attorneys became involved.

To: Kramer38 who wrote (2857)	3/21/2013 6:04:40 AM
From: Po Pimp	Respond to of 3620

Exxon decided to litigate everything, deny, and it cost them dearly in court awards, public opinion and share price Short-term it may have cost them dearly, but long-term it was a brilliant move. Back in 1994 Exxon was ordered to pay about $5 bln in damages. They continued to fight it tooth and nail. Fifteen years later (2009) they finally owned up to paying about $500 mln. Exxon got over big time and BP would have been wise to do the same. Big oil companies are already hated so who cares about short-term PR hits?