BP Oil Spill Settlement Agreements Reached

July 5th, 2012

The Deepwater Horizon explosion and oil spill impacted the lives and businesses of people throughout the Gulf Coast region. Two settlement agreements have been reached by BP and the oil spill Plaintiff’s Steering Committee designed to compensation people and businesses for losses related to the spill – an economic and property damages settlement, and a medical benefits settlement.

Who Does The BP Oil Spill Settlement Compensate?

July 4th, 2012

The BP economic and property damages settlement is designed to compensate businesses and individuals who suffered economic losses or property damage as a result of the BP Deepwater Horizon explosion and oil spill.

How Long Does It Take For Businesses To Receive BP Oil Spill Settlement Monies?

July 3rd, 2012

Business economic compensation under the BP economic and property damages settlement is tied to the location of the business. The settlement includes four business compensation zones – A, B, C, and D.

What Businesses Can Receive Compensation From BP Oil Spill Settlement?

July 2nd, 2012

Every business in Louisiana, Mississippi and Alabama is potentially covered by the BP economic and property damages settlement, and may have a claim for damages owed by BP.

What Is The No Causation Standard For Busineses Effected By The BP Oil Spill.

July 1st, 2012

Many businesses will benefit from a “no causation” standard under the BP economic and property damages settlement. In other words, BP will compensate those businesses for all economic losses suffered in 2010 after the Deepwater Horizon catastrophe without requiring any proof that the loss was caused by BP.

Does My Business Qualify For The No Causation Standard?

June 28th, 2012

The BP economic and property damages settlement gives every business in zone A the benefit of the “no causation” standard. That standard is not limited to zone A. For example, a tourism business in zone B will also fall under the “no causation” standard, and will not have to prove that economic losses in 2010 following the Deepwater Horizon’s explosion and oil spill caused the loss. Examples of tourism businesses include restaurants, hotels, and clothing stores.

How Can A Businesses Receive Compensation From The BP Oil Spill Settlement?

June 26th, 2012

Do you own a business in Louisiana, Mississippi, Alabama, along the Florida Gulf Coast, or in southeastern Texas? If so, your business may be covered by the BP economic and property damages settlement. The settlement was designed to compensate businesses for economic losses resulting from the Deepwater Horizon explosion and oil spill.

Gulf Oil Spill Settlement Reached – BP Expected To Pay Out $7.8 Billion

March 3rd, 2012

BP and the private plaintiffs in the massive Gulf oil spill litigation have reached a settlement that BP estimates will cost $7.8 billion. But that is an uncapped amount, an the court still must supervise the payment of damages. U.S. District Judge Carl Barbier also issued an order delaying the trial for a second time in light of the settlement.

If you have experienced a financial loss due to the BP oil spill, you may be entitled to monies from the BP oil spill settlement.  Call 1-225-381-8320 to see if you qualify for compensation today.