Lawsuit filed on behalf of landowners who have suffered a dramatic and continuing drop in property value as a result of ongoing BP oil spill in the Gulf of Mexico
MONTGOMERY, ALA. (July 6, 2010) – Beasley, Allen, Crow, Methvin, Portis & Miles, P.C. has filed a lawsuit in the Circuit Court of Baldwin County, Ala., against British Petroleum (“BP”) and several other companies with ties to the Deepwater Horizon oil spill. The firm represents James E. Fisher and Kate C. Fisher, who have incurred damages related to the disaster, including damage to their real and personal property, earning capacity, business income and use of natural resources. This is the first lawsuit related to the BP oil spill disaster to be filed by Beasley Allen in Alabama state court.
Beasley Allen has currently filed a number of lawsuits in District Courts in Alabama, Florida and Louisiana to help protect businesses and individuals harmed by the oil spill. The first suits were filed on behalf of Plaintiffs in the commercial fishing and restaurant industries, as well as on behalf of Gulf Coast real estate management companies, a commercial charter fishing guide, a commercial fishing deckhand, and a SCUBA diving business. Recently, Beasley Allen also filed its first case in state court, on behalf of property owners whose investments have lost value as a result of the oil spill.
As oil continues to spew from the undersea well at estimated rates between 25,000 and 60,000 barrels per day, tar balls and oily sludge is washing up on Gulf Coast beaches. It is estimated that BP’s oil spill may drive down the Gulf Coast’s shore-area property values by 10 percent for at least three years, with losses projected to total more than $4 billion from the Louisiana bayous to Clearwater, Fla. Realtors are reporting buyers backing out of closings, and interest in Gulf Coast property plummeting.
“Falling real-estate values are just one more consequence of this environmental disaster,” Rhon Jones, head of Beasley Allen’s Environmental Law section, said. “People who have purchased property as an investment, or who are simply trying to sell their home will be negatively affected by this oil spill. Even property that is not Gulf-front is impacted by the perception that the entire Gulf Coast has been ruined.”
The suit alleges negligence and wanton misconduct. Defendants named in the suit are BP, Halliburton, and Cameron International.