BP oil spill settlement moves forward

Posted on May 10th, 2012 No Comments

Yesterday, U.S. District Judge Carl Barbier preliminarily approved a settlement against BP for the 2010 Gulf oil spill. He will hold a further hearing on November 8 before giving his final approval on the matter.

BP estimates that the proposed settlement will cost the company $7.8 billion. Over 100,000 claims have been filed against BP for various economic losses sustained by people in the area affected by the spill.

The class-action settlement does not include federal or state claims against the company, which are more concerned with the environmental impact of the spill.

If you have suffered losses as a result of the Gulf oil spill, contact the Gulf oil spill claims attorneys of Williams Kherkher at 800-821-1544.

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