On Dec. 8, the U.S. Supreme Court refused to hear petitions from BP seeking to overturn its multibillion dollar settlement for claims resulting from its 2010 oil spill in the Gulf of Mexico. Beasley Allen lawyer John Tomlinson sat down with WSFA’s Sally Pitts to explain what this means for people harmed by the oil spill who have been waiting for compensation. Tomlinson said BP’s argument against the settlement agreement – which the oil giant itself helped to craft and approved – boils down to “the biggest case of buyer’s remorse I’ve ever seen.” Basically, he says, the cost of the settlement began to exceed BP’s estimates, and it began to scramble for a reason to get out of its obligation. There are objective, transparent formulas for compensating those harmed by the BP oil spill, which the Supreme Court ultimately upheld. “It is a huge victory for people of the Gulf Coast.” The settlement is uncapped, and the claims center will move forward with processing claims. There are still six months to file claims in the settlement process.
December 18, 2014
BP Oil Spill