The April 20, 2010, explosion and subsequent sinking of the Deepwater Horizon oil rig in the Gulf of Mexico resulted in the largest accidental oil spill in history. Over the course of several months, more than 150 million gallons of oil were released into the Gulf of Mexico. As a result, tens of thousands of individuals and businesses were adversely affected.
In response to tremendous political and public pressure, BP agreed to establish a $20 billion compensation fund designed to reimburse those who suffered economic harm as a result of the oil spill. The experience of dealing with this fund led Levin Papantonio to retain a team of forensic accountants and economic modelers to assist our clients with the preparation and calculation of their damage claims.
Many Businesses Qualified for Compensation under the Settlement.
Check out these Business Economic Loss Maps to see which ones qualified:
- AL Map for BP business losses
- Central Florida Map for BP business losses
- FL East Panhandle Map for BP business losses
- FL Panhandle Map for BP business losses
- Florida Keys Map for BP business losses
- MS BP Map for BP business losses
- New Orleans Map for BP business losses
- South LA Map for BP business losses
- SouthEast LA Map for BP business losses
- SouthWest LA Map for BP business losses
- TX Map for BP business losses
- West Florida Map for BP business losses
BP Oil Spill Lawsuit News
2015-January 4--Door still open for BP oil spill claims Roughly half of the Pensacola area businesses that are eligible to file claims for revenue lost because of the BP oil spill in 2010 haven't done so, attorneys say. But the new deadline is June 8.To read more, click Pensacola News Journal
2014-December 11--Supreme Court Denies BP's Bid to Undo Settlement A decision by the United States Supreme Court saw through all the BP smoke and mirrors, denying the oil company’s petition for review, and leaving intact a landmark settlement for the people and businesses of the Gulf Coast, arising out of the disastrous 2010 spill.To read more, click Levin Law News
2014-January 29--BP Litigation Status Update – January 2014 There has been continued litigation between BP and the Plaintiffs' Steering Committee regarding the interpretation of the Settlement Agreement and its effect on the claims process. With the exception of seafood compensation fund claims, coastal real property claims, and individual claims, all of the business economic loss claims have been stayed pending the outcome of the issues before the Fifth Circuit Court of Appeals. This means that although the Settlement Program is still processing claims by continuing to ask us questions about specific claims and to require additional documentation supporting claims, no eligibility notices regarding claims nor appeal determinations will be issued until the Court has resolved the issues raised by BP. To read more, click Levin Law News
Video -- Mark Proctor Discusses the BP Oil Spill Lawsuit Claims Process
Levin Papantonio no longer is accepting BP Cases.