|re: Something to the affect of local businesses had decided not to invest in the gulf coast then decided they did not need his services anymore|
That's exactly the type of thing I was talking about, it just wasn't one of my examples.
Bear with me here...
I have a long time friend who is a CPA. Instead of working for some major corporation, he is kind a free-lancer who does "odd-jobs" - and does them very well.
Many times he will contract with a company who is looking acquire some other specific company or perhaps looking to find out what companies might be worth acquiring or investing in.
He will do market analysis, forensic accounting, etc. and make a recommendation regarding what he found.
OK, so let's say he signs a contract to help a venture capital group find companies in the Gulf Coast area that are worth investing in. Suddenly the market dries up or the investors get cold feet because of the spill and they terminate the contract. We won't get into whether or not he can sue the venture capital group because we don't know what the contract says, but the bottom line is that he is out of a job because of the spill.
I can't say whether or not it's a "stretch" to be suing BP because I don't know the details - and I don't live in that world.
As an aside - and as an example of what I mean by "I don't live in that world" - let me tell you about a job my buddy had last year.
He took a job as the CFO of a company that was going to file for bankruptcy - on his recommendation - the very next week.
It went like this: The company hired him as a consultant to see if the company could be saved. After doing his analysis he determined that the company had to file for bankruptcy to protect itself from its creditors. He also put together a complicated plan to get them back on their feet after they filed.
They wanted him to continue on as a consultant to implement the restructuring plan, but the laws in the state where the company was filing did not allow them to pay his consulting fee once they filed. Paying employees was a different story.
So they hired him as the CFO in order to retain his services and then promptly filed for bankruptcy. Since he was now a salaried employee, they were able to keep paying him.
It is indeed a strange world we live in.