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 Kherkher by calling 800-821-1544 today.

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