Posts Tagged ‘Oil Spill Compensation’

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 Attorneys

Wednesday, May 19th, 2010

Oil spill attorneys are busy these days with mounting claims against BP and other companies associated with the Deepwater Horizon explosion on April 20, 2010.  From fishermen who’ve lost income due to the almsot 7.000 square miles of closed Federal waters where fishing is no longer allowed, to shrimping areas which are now off limits, commerical fishermen are losing income every day now for a month.

Oil spill attorneys representing plaintiffs in class action suits allege that the explosion was preventable and cleanup is inadequate and slow,  causing great loss of income to fishermen.  Also suffering loss are property owners and anyone involved in the tourism industry.  According to oil spill attorneys in the region, once oil reaches the major shipping channels, shipping will be slowed down.  Delays will ensue, making goods more expensive for anyone in the Gulf coast area.

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 Lawyer

Saturday, May 8th, 2010

If you live on the Gulf of Mexico you may be watching news of the Deepwater Horizon rig explosion very closely.  You may even be looking for an oil spill lawyer at this point, as you envision the effects of this massive oil spill on your life.  Perhaps your livelihood or your property faces damage from the encroaching oil.  You may want to keep tabs on the oil spill class action lawsuit that’s forming in three states right now.

It’s not just shrimpers who stand to lose a lot.  It’s property owners, restaurant owners, tourism industry workers, and more.  Oil spill lawyers are preparing cases now, based on allegations the oil spill was preventable and the cleanup is inadequate.  Just about every oil spill lawyer involved right now in the class action has experience in environmental law.  That will come in handy, as the class action is based on damage to the environment and ensuing damages to persons who live and work in the Gulf region.

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.