Posts Tagged ‘Gulf Oil Spill Lawsuit’

Deepwater Horizon Lawsuit

Wednesday, May 19th, 2010

Most people know it by another name, BP Class Action Lawsuit, or oil spill class action lawsuit, but the world will never forget the name of the oil rig that exploded on April 10, hence the Deepwater Horizon lawsuit that’s forming in three states right now.  A whole month later, and the oil is still gushing out from 5000 feet below the surface of the Gulf of Mexico waters.  Nobody knows yet what the impact will be, on the marine world that surround the rig, as well as coastal areas in the Gulf.

The ecosystem will be affected, but nobody yet knows how much.  Already, however, peoples’ livelihoods are suffering due to fisheries closures in the Gulf.  There are now almost 7,000 square miles of Gulf that can no longer be fished due to the oil leakage, which is basis for the Deepwater Horizon lawsuit.

Oil Spill Class Action Lawsuits

Wednesday, May 19th, 2010

April 20, 2010 was a dark day for anyone whose livelihood or lifestyle depends on the Gulf of Mexico.  Occurring just two days before Earth Day, a virtual slap in the face to environmentalists everywhere, the Deepwater Horizon Rig exploded and began gushing oil into the Gulf waters about fifty miles from the shores of the state of Louisiana.  As a result, many people stand to lose income, livelihood, and property due to leakage that may reach shore or harm the ecosystem on which they depend.  This has already led to a series of oil spill class action lawsuits.

From commercial fishermen, shrimpers, and crab men to owners of real estate on the Gulf shores, there is great potential for harm and lost income and property values.  A number of companies are named in the oil spill class action lawsuits, including BP.

Gulf Oil Spill Lawsuit

Tuesday, May 18th, 2010

As the world watches the disaster unfold in the Gulf of Mexico around the Deepwater Horizon explosion, millions of people around the Gulf area stand to lose more than just a clean environment.  Dollars, property, livelihoods and more are at risk for everyone in the area, and as a result one massive Gulf Oil Spill lawsuit is already in the works.

The Gulf oil spill lawsuit will most likely name multiple defendants, including BP, Halliburton, and Transocean companies, and will most likely sue for a wide range of complaints form loss of income to property damage.  At the moment, only one month into one of the world’s worst  environmental disasters, any Gulf oil spill lawsuit will be incomplete.  The world must wait and see the extent of damages from the oil leakage, which still continues to spew oil one month after the accident.

BP Class Action Lawsuits

Monday, May 17th, 2010

As the nation nears the one month anniversary of the BP oil spill in the Gulf of Mexico, discussions emerge on the impact of aquatic life in the area.  The Gulf of Mexico supports thousands of species of marine life forms, including millions of fish.  Based on harm to the marine ecosystem due to oil leakage from the Deepwater Horizon,  BP class action lawsuits are now in the making.

There are already ten law firms throughout the country representing people who allege they’ve been harmed by the oil spill.  This harm comes in many forms, from property damage, loss of job and loss of income.   Major tenants of the BP class action lawsuits allege that the explosion on the rig was preventable, and the cleanup is taking too long while damage to the ecosystem on which people depend for a living, continues to mount.

BP Class Action Lawsuit

Tuesday, May 11th, 2010

If you’ve been watching the news lately, you may have seen rumblings in the legal arenas, with current activities focusing on a BP class action lawsuit.  Almost a dozen law firms are already involved, in numerous states that line the Gulf of Mexico.  States in Florida, Alabama, and Louisiana are involved in the BP class action lawsuit currently underway.

After the sinking of the Deepwater Horizon rig, which occurred on April 20 of this year, thousands of gallons of oil have been leaked into the Gulf of Mexico per day.  This endangers wildlife, marine ecosystems, fishing industries, tourism, and real estate.   Lawyers involved in the BP class action lawsuit are learning that the range of industries and people affected by the oil is quite wide.  From property owners to cooks at restaurants to shrimpers, it’s touched everyone in the Gulf.

BP Lawsuit

Monday, May 10th, 2010

It’s almost one entire month now since the Deepwater Horizon oil rig exploded in the Gulf of Mexico.  The list of potential victims, beyond the creatures that live in and around the water, grows longer every day.  Property owners and shrimpers are just the beginning.  Oil Spill class action lawsuits have already been formed, with several defendants named.

But so far, the biggest claims are in the BP lawsuit category.  BP has been the most visible entity in this environmental disaster, with the head of BP, John Browne, speaking out on national news almost every day.  BP is the spearhead of the entire drilling operation on this well, from leasing the rig to managing the various sub contracting companies who manufacture the equipment, perform checks and repairs and other services on the drilling operation.

Keep your eyes open in the near future because the BP lawsuit is going to grow and develop quickly.

Oil Spill Compensation

Thursday, May 6th, 2010

As folks in the Gulf region consider an oil spill class action lawsuit, consider some of the legal issues stemming from certain laws put into effect long before the Deepwater Horizon oil spill.  Damages that BP is required to pay on any class action lawsuits is limited to $75 million.  That’s peanuts compared to expected damages, and congressmen and women are trying to change the law right now.  The law was enacted in 1990 after the Exxon Valdez dumped millions of gallons of oil into the waters in Alaska.  It limits liability of oil spill damages to $75 million.  That means oil spill compensation will be severely limited.

Even BP says they don’t view the limits as a cap on their liabilities to people in the Gulf region who have been and will be harmed by the spill.  They seem to be admitting that they do not plan on limiting oil spill compensation to that small amount but rather they have an obligation to view the limit as a non-issue.