Documents reveal details of BP’s $20 billion fund

Posted on August 20th, 2010 No Comments

According to documents from lawyers handling the $20 billion fund, people and businesses that are seeking to sue BP and other defendants involved in the Gulf oil spill for a lump sum of the $20 billion fund may have to waive their right to sue.

The legal documents are the first sign of who will be receiving money from the $20 billion fund. These documents also show that the plan to pay claims focuses on geographic proximity as a main factor.

The claims that will be the easiest to receive payments will be restaurant and hotel owners with beachfront property, seafood processors, fishermen and shrimpers because they are closest to where the oil hit the shore. Large sections of people who are indirectly affected from the spill will have a harder time receiving money.

If you or a loved one has had property damage because of the Gulf oil spill, contact the Gulf oil spill property owners lawyers of Williams Hart by calling 800-821-1544 today.

Leave a Reply

Get news about the areas in the destructive path of Gulf oil spill.

Learn more about the affected areas of the Gulf oil spill
home  |  about us  |  environmental impact  |  economic loss  |  affected areas  |  types of claims  |  contact us  |  articles  |  law resources  |  faqs  |  blog  |  locations  |  Log in

Copyright ©2010 Williams Hart. Attorneys are licensed only in the state of Texas unless otherwise indicated in the biographical section. Past performance is no guarantee of future results. Williams Hart's primary office is located in Texas. The choice of a lawyer is an important decision and should not be based solely upon advertisements.
Terms of Use  |  Disclaimer  |  Sitemap

8441 Gulf Freeway, Suite 600, Houston, TX 77017-5051
Call toll free today: 800-821-1544