The U.S. Supreme Court has ruled the BP oil spill class settlement is final, ending BP’s attempts to overturn the agreement that the oil giant itself helped draft and approved. “This was a monumental result for persons all across the Gulf Coast,” Jere Beasley, Principal & Founder of Beasley Allen said. “The Supreme Court did the right thing by rejecting BP’s appeal and we think that it’s extremely important for the people of this state.” Beasley Allen represents more than 2,000 clients injured by the oil spill. Although BP had previously estimated that it would cost roughly $7.8 billion to resolve the claims, WSFA reports now the company believes there is no reliable estimate for how much it may pay out.
December 18, 2014
BP Oil Spill