August 21, 2012
Settlement in principle in BP oil spill case
Beasley Allen attorney Rhon Jones visits the Beasley Allen Report to discuss the "settlement in principle" reached in the BP oil spill litigation in early March. This litigation involves the explosion of the Deepwater Horizon oil rig in the Gulf of Mexico on April 20, 2010. The tragedy killed 11 workers and damaged a pipeline nearly a mile below the ocean surface, unleashing a massive oil spill. The spill affected industries such as commercial fishing and tourism, and impacted the lives and livelihoods of thousands of people along the Gulf Coast region. The settlement will compensate victims for private economic losses, property damage, and medical claims stemming from the Gulf oil spill. Jones calls the settlement the "greatest good for the most people on the coast." The settlement will provide more transparency, court oversight, and clear rules over who will receive compensation and how. Jones believes this structure will provide relief for those people who have been living with uncertainty for nearly two years. Jones said people who have already submitted a claim will not have to re-file any paperwork, and new claims also can be filed. The affected area includes Louisiana, Alabama, Mississippi and portions of Florida.
Courtesy of: Beasley Allen Report