How Dow Chemical Can End the Bhopal Tragedy

Aoxomoxoa said:
I say they are liable and you say they are not, well tough, I reject you rarguments and your pathetic attempt to change the subject. BP has paid everything they were asked to pay but I am sure there are a fair number of bogus claims.
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LMAO... and UC paid everything they were asked to pay. When they sold UCIL they again agreed with the Indian courts to fund a hospital.

So, according to your logic, we can continue coming back to BP and sue them over and over and over again by simply saying: 'hey, what we agreed to before we now feel was not enough, so gimme gimme gimme'???
 
Mott the Hoople said:
That's a silly question. When ever you buy a capital asset like this you purchase both the assets and liabilities. If you own ABC company and they buy XYZ company and XYZ company owed Acme Contractors a million dollars than ABC companies assumes that liability to Acme Contractors when they purchase XYZ company.
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So when McLeod bought UCIL, they bought the assets and liabilities. This was done in 1994. Thanks for finally pulling your head out of your ass and realizing that the liabilities were no longer with UC, but rather with McLeod.
 
Superfreak said:
Again for the ultra slow british boy... UCIL owned the plant. UCIL was owned 51% by UC and 49% by the Indian Government. UCIL was SOLD to McLeod in 1994. Thus the ownership, the assets and the liabilities TRANSFERRED to McLeod. This transaction WAS APPROVED BY THE INDIAN COURTS. UC no longer owned the property or the liabilities when Dow bought them. The Indian Government and Courts reached what they deemed an equitable settlement and an agreement upon sale of UCIL to fund a hospital (which UC did).

You can continue cutting and pasting all you want from your article. It wont change the fact that it was GONE before Dow bought UC.
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You know this is going to result in just Tom doing more of this:


:tantrum:
 
Superfreak said:
Again for the ultra slow british boy... UCIL owned the plant. UCIL was owned 51% by UC and 49% by the Indian Government. UCIL was SOLD to McLeod in 1994. Thus the ownership, the assets and the liabilities TRANSFERRED to McLeod. This transaction WAS APPROVED BY THE INDIAN COURTS. UC no longer owned the property or the liabilities when Dow bought them. The Indian Government and Courts reached what they deemed an equitable settlement and an agreement upon sale of UCIL to fund a hospital (which UC did).

You can continue cutting and pasting all you want from your article. It wont change the fact that it was GONE before Dow bought UC.
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If anyone is being slow it is you, you cannot transfer an asset that ceased to exist, even you can comprehend that surely. If you have any further issues please take it up with Tom Gardner at Motley Fool. They have a comments section so you can voice your dissension there.

http://www.fool.com/investing/gener...end-the-bhopal-tragedy.aspx#commentsBoxAnchor
 
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Aoxomoxoa said:
If anyone is being slow it is you, you cannot transfer an asset that ceased to exist, even you can comprehend that surely.
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If it didn't exist when McLeod bought the company, how is it that you claim it existed when Dow bought UC 7 years later? also dolt, the asset may not have transferred, but the LIABILITY did. UCIL is the company responsible. UCIL was the company bought by McLeod.
 
Superfreak said:
If it didn't exist when McLeod bought the company, how is it that you claim it existed when Dow bought UC 7 years later? also dolt, the asset may not have transferred, but the LIABILITY did. UCIL is the company responsible. UCIL was the company bought by McLeod.
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I didn't say the asset existed seven years later but the liability certainly did and remained with Union Carbide.

If you have any further issues please take it up with Tom Gardner at Motley Fool. They have a comments section so you can voice your dissension there.

http://www.fool.com/investing/genera...mentsBoxAnchor
 
Aoxomoxoa said:
I didn't say the asset existed seven years later but the liability certainly did and remained with Union Carbide.
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Wrong... it remained with UCIL... not UC.

If you have any further issues please take it up with Tom Gardner at Motley Fool.
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LMAO... you take it up with him. It is you that is relying on PARTS of his information. Yet you ignore the FACT that he too states that Dow has no legal liability
 
Superfreak said:
Wrong... it remained with UCIL... not UC.



LMAO... you take it up with him. It is you that is relying on PARTS of his information. Yet you ignore the FACT that he too states that Dow has no legal liability
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You are the one denying that Dow has any obligation from a legal, moral or indeed a PR point of view, no wonder US businesses and banks are held in such contempt internationally.
 
Superfreak said:
I seriously doubt India is going to shut out Dow.
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I doubt that too. Both have to much to gain. What I do foresee is what almost always happens in these cases. They'll sit down together and negotiate just how big that pound of flesh will be that the Indian government will want DOW to pay in liability then business will go on as usuall.
 
Aoxomoxoa said:
You are the one denying that Dow has any obligation from a legal, moral or indeed a PR point of view, no wonder US businesses and banks are held in such contempt internationally.
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Dear little tommy boy... please show me where I stated they had no moral or PR obligation to pay. I will wait...
 
Aoxomoxoa said:
You are the one denying that Dow has any obligation from a legal, moral or indeed a PR point of view, no wonder US businesses and banks are held in such contempt internationally.
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BP is held in contempt... as are all British banks for their manipulation of LIBOR... but BP is the worst company in the world, bar none.
 
Aoxomoxoa said:
You are the one denying that Dow has any obligation from a legal, moral or indeed a PR point of view, no wonder US businesses and banks are held in such contempt internationally.
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Well then; when can we expect England to pay for the damage they did to this country, when they were asked to leave, around 200 to 250 years ago?
 
Superfreak said:
Dear little tommy boy... please show me where I stated they had no moral or PR obligation to pay. I will wait...
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So why do you have to be such a condescending prick all the time? All you had to say at the outset was no I don't agree that they have a legal obligation but yes they have a moral and PR obligation.
 
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Superfreak said:
So when McLeod bought UCIL, they bought the assets and liabilities. This was done in 1994. Thanks for finally pulling your head out of your ass and realizing that the liabilities were no longer with UC, but rather with McLeod.
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Pull your head in Tinkerbell! This isn't my position. I could care less who thinks who is liable for what. If the Indian government believes DOW chemical is liable than guess what? They will exact their pound of flesh and DOW will negotiate just how big that bite will be and business will go on as ussuall and the poor bastards in Bhopal will be lucky if the fucking mess ever gets cleaned up. It sucks that it works this way but it does work this way. It's the same way here with Superfund litigation. If the US EPA notifies your company that you have been officially identified as a PRP, even if all your company did was put one drop of hazardous waste into that leaking landfill well guess what? The US Government will take it's pound of flesh and they will do so on the basis of how deep your pockets are and not your actual culpability in the case and they will do so even if it was a previous owner who put that one drop of hazardous waste into the leaking landfill.

One of the biggest standing jokes about superfund remediation jobs is that they get so bogged down in legal litigation that a lot of them eventually get remediated from all the sampling required to do laboratory analysis to support all the litigation. CERCLA/Superfund can be one giant clusterfuck.
 
Mott the Hoople said:
Pull your head in Tinkerbell! This isn't my position. I could care less who thinks who is liable for what. If the Indian government believes DOW chemical is liable than guess what? They will exact their pound of flesh and DOW will negotiate just how big that bite will be and business will go on as ussuall and the poor bastards in Bhopal will be lucky if the fucking mess ever gets cleaned up. It sucks that it works this way but it does work this way. It's the same way here with Superfund litigation. If the US EPA notifies your company that you have been officially identified as a PRP, even if all your company did was put one drop of hazardous waste into that leaking landfill well guess what? The US Government will take it's pound of flesh and they will do so on the basis of how deep your pockets are and not your actual culpability in the case and they will do so even if it was a previous owner who put that one drop of hazardous waste into the leaking landfill.

One of the biggest standing jokes about superfund remediation jobs is that they get so bogged down in legal litigation that a lot of them eventually get remediated from all the sampling required to do laboratory analysis to support all the litigation. CERCLA/Superfund can be one giant clusterfuck.
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There are too many lawyers in the US chasing work.
 
Aoxomoxoa said:
So why do you have to be such a prick all the time? All you had to say at the outset was no I don't agree that they have a legal obligation but yes they have a moral and PR obligation.
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Any time the "moral" issue is brought up, it's usually because someone else thinks that they are sitting on some kind of high horse that makes them better then anyone else.
As to PR; that lasts about as long as it takes to finally offend someone else and then the PR criteria is cried about.

Where's the moral and PR responsibility of the Indian Government and Eveready?
 
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