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Archive: BP Oil Spill Economic Loss Claims

Original Oil Spill Settlement Being Appealed by BP

On Monday the 5th U.S. Circuit Court of Appeals heard oral arguments regarding whether a judge should have approved BP’s multibillion-dollar settlement for compensating victims of the 2010 oil spill in the Gulf of Mexico. According to BP attorney Theodore…


Chronology of the BP Settlement Efforts

In April 2010, the Deepwater Horizon oil rig, exploded. The rig, owned by British Petroleum (BP), sought to extract oil from the reservoir located in the Gulf of Mexico. After the explosion, oil flowed from opening for nearly three months,…


BP Settlement Seafood Compensation Program

Alongside the other programs established by the BP Deepwater Horizon settlement agreement stands the Seafood Compensation Program. The intent of the program is to compensate Commercial Fishermen, Seafood Boat Captains, and all other Seafood Crew, Oyster Leaseholders, as well as…