Case 8: BP claims attorney misconduct

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Chapter 17 in Convenience Triangle in White-Collar Crime, 2019, pp 199-208 from Edward Elgar Publishing

Abstract: After an oil spill in the Gulf, British Petroleum had to compensate victims of the accident. The total compensation was $11 billion. As suggested by the theory of convenience, a financial motive, an organizational opportunity and a personal willingness can explain deviant behavior by members of the elite in society to gain from the compensation program. In the case of the BP Deepwater Horizon settlements, attorneys were both presenting claims on behalf of victims as well as approving claims on behalf of petroleum company BP. It was a profitable assignment for attorneys, and some attorneys made it even more profitable for themselves by kickbacks and by both applying for and approving compensations. As illustrated in this case study, a report of investigation can serve as an empirical basis for the study of convenience theory.

Keywords: Business and Management; Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2019
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