Gulf Oil Spill Financial Loss Claims
The April 20, 2010 oil spill off the Gulf of Mexico has had devastating effects. The spill occurred following an explosion of a rig operated by the multinational oil company, BP, formerly known as British Petroleum. The explosion blew up an oil well, causing thousands of gallons to infect the waters.
Reports indicate this is the largest oil spill of its kind. Environmental damages are traumatic, and the economies in Louisiana, Alabama, Mississippi, Florida and Texas continue to suffer. Local businesses have been forced to shut their doors and numerous people have lost their jobs.
If you’ve been financially impacted by the BP oil spill, contact our oil spill lawyers for legal help. Our Gulf oil spill lawyers have taken a special interest in this issue, and are accepting new cases on behalf of individuals, families and businesses all across the Gulf. We are advocating the rights of people who are affected and are fighting to obtain maximum recoveries.
Damage Claims in the Gulf
Hundreds of damage claims have already sprung up. According to CNN, more than 300 lawsuits have already been filed against BP and other responsible companies. A judge in New Orleans was recently selected to preside over the three hundred-plus claims.
Among those to file financial damage claims include (and are not limited to):
- Fishermen, shrimpers, oyster farmers and others in the seafood industry
- Hotel owners, restaurant owners and others in the tourist industry
- Condominium/time share owners and operators, and others in the travel industry
- Sports fishing companies, boating companies and water sports companies
- Property owners affected by decreased value prices and other property damages
Lawsuits allege that BP failed to take necessary precautions and safety measures. Other companies, including Halliburton Energy Services Inc. and Cameron International Corp. are also named as defendants in some of the suits.
BP Fund for Oil Spill Victims
According to reports, BP has announced it will implement a fund for victims of the oil spill, totaling $20 billion. The company started the fund with a $3 million deposit. BP is responsible for compensating people who are affected, according to the Oil Pollution Act of 1990 and other laws governing offshore drilling practices.
What Types of Claims Are Being Filed?
Anyone who is impacted by the oil spill can file a claim. Types of BP oil spill damage claims may include:
- Loss of profits and earning capacity
- Real or personal property damage
- Damage to natural resources
- Loss of government revenue
Contact a Gulf Oil Spill Lawyer About Your Financial Loss
If your business is suffering, or if you have been otherwise impacted, as a result of the massive oil spill, you can find out if you have a legal claim by speaking with an experienced and qualified Gulf oil spill attorney today. We are providing free case evaluations for those who believe they may have a case.
We believe that BP and the other responsible companies should be held accountable for their actions. We will aggressively fight for your rights to ensure you recover the full amount of compensation you are entitled to. Call today and schedule your initial consultation.