Discrepancies among BP class action settlement
Posted on Sunday, November 17th, 2013 at 12:14 pm by Williams Hart | Updated: Friday, April 19th, 2019 at 11:38 am
BP continues to rack up personal, environmental, and economic injury lawsuits concerning the 2010 Deepwater Horizon oil spill. Settlement costs have now moved past the once-agreed on $7.8 billion to approximately $9 billion.
The damage caused to the Gulf of Mexico has negatively affected both commercial and residential properties. All of the residential claim lawsuits and commercial claim lawsuits were organized into a class action.
A business must fulfill two requirements to be covered by the class action settlement. It must be located within the specific geographic region affected by the oil spill. There must be evidence of economic loss based on expected versus actual profit over more than three consecutive months between May and December 2010.
On October 2 District Judge Carl Barbierto was ordered to draft an injunction that would temporarily cease settlement payments until after the final terms could be agreed upon. The settlement’s final terms are expected to be presented by Barbierto on December 2.
If you encounter difficulty filing an oil spill claim with Deepwater Horizon Claims Center in the Houston area, contact Williams Hart at (713) 352-7071 to learn of the services that we can provide for you.