In this episode of Magnum J.D.: Magnum once again goes whole hog for Nunny!

Hey folks remember that rich contract with BP Magnum scored so he could run political interference for the oil giant with Louisiana politicians?  Well, it appears he is throwing a bit more of that BP money at Nunny, who double dealt on the oil spill at every opportunity. For those keeping score this is the second time Nunny has bellied up to the Magnum/BP trough.  Please feel free to distribute freely.  :-)

Turns out Miss Piggy is a BP Girl. A periodic gulf oil spill update

I’m a BP girl in the BP world
Life in plastic, it’s fantastic
You can brush my hair, pork me everywhere
Imagination, life is your creation

And of course our own Patricia has the editorial cartoon.

And the song dedicated to Miss Piggy…. Continue reading “Turns out Miss Piggy is a BP Girl. A periodic gulf oil spill update”

In this episode of Magnum J.D. the conclusion to our two hour special: Pimpin’ ain’t easy so let’s hop aboard the ho’ train.

BP dropped its wallet in the wrong neighborhood. ~ Member of the national media recounting his favorite BP quote heard during the oil spill.

As one of the world’s leading companies, we have a responsibility to set high standards: to be, and be seen to be, a business which is committed to integrity. In a complex global business environment like ours, that’s not always easy. Our code of conduct is designed to help us achieve this.

Our code of conduct is the cornerstone of our commitment to integrity. As Bob Dudley, our group chief executive, affirmed: “Our reputation, and therefore our future as a business, depends on each of us, everywhere, every day, taking personal responsibility for the conduct of BP’s business”. The BP code of conduct is an essential tool to help our people meet this aspiration. The code summarizes our standards for the way we behave. All our employees must follow the code of conduct. It clearly defines what we expect of our business and our people, regardless of location and background. Ultimately it is about helping BP people to do the right thing.

And we have this from Magnum’s contract with BP:

BP Legal expects that the Firm will adhere to BP’s Code of Conduct when providing services to BP

But it actually gets better than that as we have this from Magnum’s contract with BP. Continue reading “In this episode of Magnum J.D. the conclusion to our two hour special: Pimpin’ ain’t easy so let’s hop aboard the ho’ train.”

In this episode of Magnum J.D. a two hour special: Pimpin’ ain’t easy so let’s hop aboard the ho’ train.

The prelude as Magnum and his partner James Williams contemplate cashing in on the oil spill.

http://www.youtube.com/watch?v=5t2lqPbEiu8

Stay tuned for the exciting conclusion as Slabbed presents Magnum’s contract with BP. Continue reading “In this episode of Magnum J.D. a two hour special: Pimpin’ ain’t easy so let’s hop aboard the ho’ train.”

In this episode of Magnum JD: When it comes to the Oil Spill money grab, ethics are no object.

Question: What does a NOLA based law firm that claims legendary trial lawyer/litigator Wendell Gauthier have in common with Boss Hogg’s law firm Brunini, Grantham, Grower & Hewes out of Jackson? Simple the color green as in cash, money, and greed as both firms have been caught with their hand in the conflict of interest cookie jar representing both sides in the current oil spill litigation. The disregard for basic legal ethics is stunning IMHO.

I only bring this up because a friend sent me this love letter from Magnum to Mark Holstein in BP’s legal department for the consideration of the Slabbed Nation.

I am writing in follow up to my previous correspondence. Our firm is eager to begin working on this matter on BP’s behalf. Please advise if we should contact anyone.

With kindest regards, I remain

I hate to share the vision of how I see the oil spill litigation unfolding but when the politicians, along with the local bar are too busy trying to cash in instead of representing the public’s or their client’s interest, “not much good” will be the end result except for those on the inside of the money grab. Continue reading “In this episode of Magnum JD: When it comes to the Oil Spill money grab, ethics are no object.”

The Golden Rule: Twenty Percent Retainage!!????

He who has the gold makes the rules.

Is the above a more “cynical” version of the Golden Rule or one that accurately explains how the business world works? As Geoff Pender reports for the Sun Herald it is the latter as local contractors evidently agreed to what amounts to loan shark contractor terms to get a piece of the BP pie. I work for none of these companies so I’ll comment here as an expert and say that holding retainage to maximize the float is very common.  Also common is 10% retainage and even then generally not on cost-plus labor contracts.

Insurance companies delay paying claims to max out the float. Certain mortgage companies did likewise after Katrina, holding insurance proceeds paid on damaged/destroyed homes, in one case in which I am personally familiar, in an amount far more than the related mortgage.

This story also made it on MPB this morning. While SEACOR subsidiary O’Brien’s Response Management’s treatment of its subs certainly appears to smell (as does homegrown Yates and a host of other generals for that matter), I’ll add there is another element in play that makes this story as reported in the media to this point incomplete as there are complexities present that I do not see accounted for in the reporting.  I will say that greed was the driver of a 20% retainage clause in the subcontract in question.  There is no telling what other devils are buried in the details.

sop

Lets talk oil safety as Slabbed presents an alternative view from outside the industry.

First off I’ll say that I can find something to be disagreeable with in terms of content from both the Oil Spill Commission and the local reaction to it. My main point of contention with the commission itself is philosophical in that outlier events like the Deepwater Horizon blowout are inevitable statistically.  The problem is one of degree of inevitability and in the case of the US captured regulatory model and its one size fits all cookie cutter approach I would argue the conclusions of the Oil Spill Commission are spot on when it comes to their endorsement of British style risk based safety regulation.  I think the proof it works was in a statement I heard this morning on Mississippi Edition where a member of the Oil Spill Commission observed how much more likely a US based oil worker is to die in an accident than his British or Norwegian counterpart.

Along those lines the difference in how the parts of the report focused on safety are being conveyed kinda shows how the locals in Louisiana are being sold out by those with more than a pa$$ing interest in keeping the status quo.  Mississippi Edition runs a day behind so I have no link for this morning’s interview. Here are some links on the topic.

In this episode of Magnum JD, Magnum breaks out the curry for Jindy and others with Naan

A stalwart Republican in Bobby Jindal hanging around with a super duper trial lawyer like Magnum JD? Surely they jest….

The commonality here is both managed to successfully shake down BP to further personal goals.

That leave of absence must have been awfully short.  The invite is below the fold Continue reading “In this episode of Magnum JD, Magnum breaks out the curry for Jindy and others with Naan”

We are getting reports that non existent evaporated oil is showing up again on Florida’s beaches

Courtesy of a reader

But don’t take my word for it, especially since a picture is worth 1,000 words. Here is the actual report I received via email:

About 3 hours pre-squalls these folks showed up. Went on beach for 30 minutes , dug up sand, carried off some bags. When we went out to beach they packed up and left. Midwest Environmental was name on truck and someone said they were from Kentucky.

And we have this earlier report: Continue reading “We are getting reports that non existent evaporated oil is showing up again on Florida’s beaches”