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Recent Update: According to the Los Angeles Times, the Obama Administration filed a civil complaint in December 2010 against BP and eight more companies for the Gulf oil spill that took place in April 2010. The complaint accuses the company of failing to take necessary precautions to control the well. The complaint also charges that the companies failed to use the safest technologies. According to reports, the total cost of the 2010 Gulf Coast oil spill could be in the billions.

The civil complaint seeks to hold BP and the other eight companies accountable. If you have been affected financially by the oil spill, you might be eligible to recover compensation from the companies being held liable. For more information, contact our BP oil spill lawyers for economic damage claims today.

Information about the Gulf Oil Spill 2010

The Deepwater Horizon drilling rig exploded on April 20, 2010, releasing oil into the Gulf of Mexico at an alarming rate. Over the next few days, news reports flooded the Internet, television and airwaves, detailing the damage caused.

Oil spill maps and pictures showed the oil spreading far beyond the original spill area. Experts offered predictions of the environmental and economic impacts the spill would have on the Gulf region. They also predicted when the oil would reach shore. Oil, reportedly, reached the Florida coast first.

Gulf Oil Spill 2010 Economic Impact

The economic impact of the Gulf Oil spill is devastating. Businesses and families whose livelihoods depended on the Gulf waters have suffered serious economic setbacks from the spill. Fishermen, shrimpers and other workers in the seafood industry that rely on the Gulf of Mexico have suffered huge financial loss.

Other industries including commercial boating, recreational water sports, tourism and seafood restaurants are also being devastated. Additionally, property values have dropped along the Gulf coast.

Gulf Financial Damage Claims

If your business has been negatively impacted by the Deepwater Horizon oil spill, contact an experienced oil spill attorney to find out if you qualify for financial compensation. As the Obama Administration says in the December 2010 complaint, the companies responsible for the disaster should be held accountable.

Contact our Gulf oil spill attorneys for help today.

"BP to establish $20 billion fund for Gulf cleanup and compensation"

The Obama administration and British Petroleum (BP) have furthered negotiations for a cleanup and compensation fund for the oil spill that devastated the Gulf of Mexico.

BP, taking full respons...

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"Panel hears testimony on BP oil spill"

During its third round of meetings, a federal panel working to determine the precise cause of the BP oil spill heard testimony focusing on human errors that ...

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"Gulf oil spill could be contained soon"

There hasn't been much positive news in regards to the Gulf oil spill, but that trend may be ending as the Coast Guard says the spilled oil will be contained wit...

» Read More

 

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