GULF COAST OIL SPILL DISASTER

The Deepwater Oil Rig Explosion and its economic and environmental consequences will be suffered for a long time. Though the disaster occurred on April 20, 2010, it wasn’t until July 15, 2010 that the flow of oil was finally stopped. This spill not only took a heavy environmental toll, but also disrupted thousands of businesses throughout the region, many of whom eventually filed  claims against BP.

BP was named by the United States government  as a responsible party. According to the Oil Pollution Act of 1990, parties that are deemed to be responsible for oil spill incidents, are liable for a variety of losses and damages associated with them. Anyone who has suffered economic losses related to BP oil spill, may be eligible for compensation by joining the  BP lawsuit (oil spill damages are currently being awarded in Washington, DC).

At present, matters related to the BP litigation oil spill 2010 – 2011 involves thousands of lawsuits filed against BP. In addition, the number of BP oil spill victims who’ve received compensation keeps on growing. The US Justice Department has filed a civil lawsuit associated with the BP oil spill as well, which named up to nine companies as defendants, including British Petroleum and  Transocean Ltd. The first BP class action lawsuit was filed by Daniel Becnel, who represented the interests of Louisiana commercial fishermen and shrimpers, whose businesses suffered losses  as result of the oil spill. …

Were you a victim of the BP oil spill?  BP oil spill attorneys may be able to give you the legal assistance you need, in order to get financial compensations for any damages, financial losses, or injuries you sustained to this environmental disaster. The Gulf of Mexico oil rig explosion, which happened on April 20, 2010, resulted in catastrophic environmental and economic consequences. Any person who was affected by the spill financially, such as those whose sustained loss of income as a result of the oil spill may be eligible for monetary compensation. Moreoever, they may be eligible to file a BP oil lawsuit against the parties, for the losses they sustained.

BP, deemed responsible for the spill and its consequences, created a BP compensation fund, alotting $20 billion dollars in compensation for victims of the oil spill.  All in all, more than 35 offices, located throughout  the  Gulf Coast, were set up to accept claims from individuals and businesses that endured losses and damages resulting from the oil spill. Since the fund’s establishment, a number of residents who were living in the affected Gulf Coast states at the time the spill struck, have already received compensation. In December 2010, Kenneth Feinberg, the head of the BP compensation fund, announced the second phase of the BP oil spill compensation program, which allowed those affected who did not want to pursue the BP lawsuit oil spill, to apply for the BP settlement. …

The Gulf of Mexico oil spill, which occurred on April 20, 2010, has seriously affected the Gulf Coast states’ economy and environment. It is expected the spill will have both short and long-term consequences. Hundreds of Alabama, Texas, Florida, Mississippi and Louisiana residents, whose livelihood’s depended on the Gulf Coast waters, have already filed individual and class-action lawsuits against BP.  The petroleum company has been forced to pay damages resulting from BP lawsuit claims filed.

Though BP is one of the largest and the most profitable oil companies in the world, its reputation has suffered considerably because of the numerous BP lawsuits and class action litigations. Moreover, the number of BP oil spill victims who hope to reach a BP settlement keeps growing.

The first BP class action lawsuit was filed by Daniel Becnel on behalf of Louisiana fishermen, shrimpers and commercial boaters, whose business collapsed in the result of the BP oil spill. Becnel’s BP class action lawsuit is seeking almost $15 billion from British Petroleum. It’s reported that more than 1 million people, who were victims of the Louisiana BP oil spill are expected to join the litigation. Furthermore, it is assumed that not only Louisiana fishermen, boaters and shrimpers, but property owners from other affected Gulf Coast states may also choose to pursue legal action against BP. …

People along the Gulf Coast are reporting dissatisfaction with the BP oil spill compensation fund. According to a report on NPR, some claimants have had to submit documentation multiple times, and are still awaiting word on emergency payments.
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Transocean Ltd. and Halliburton Co. are crying foul, following yesterday’s release of BP’s report detailing its internal Gulf of Mexico oil spill investigation. The report put much of the onus for the disaster on the two firms.
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BP has released its internal report on the massive Gulf of Mexico oil spill, and is blaming the disaster on multiple parties. The report says that a series of failures and bad decisions on the part of BP, Transocean Ltd., and others aboard the Deepwater Horizon oil rig led to the April 20 explosion that killed 11 men and spawned the worst oil spill in US history.
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