Lawyers wonder how BP will maintain $20 billion fund

Posted on July 22nd, 2010 No Comments

Lawyers question how BP Plc will be protecting and replenishing the $20 billion find that was set up to pay damage claims from the oil spill.

Two funds have been set up by BP, one $20 billion fund for spill damage claims and $100 billion fund to aid workers in the oilfield that were injured after the spill.

Lawyers are now asking to see formation and agreement documents that have been signed by BP. The company is currently facing 300 lawsuits from people who have had property damage and damages to the tourist and fishing businesses because of the spill.

If you have suffered property damage or loss of income for your business due to the oil spill, contact the Gulf oil spill economic impact lawyers of Williams Kherkher by calling 800-821-1544.

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