BP Gulf of Mexico Oil Spill & Damage Claims

The massive oil spill off the Gulf of Mexico continues to spur income damage claims on behalf of people and businesses that rely on the waters as a source of income. Class action lawsuits have already sprouted up on behalf of groups of people alleging income damage, including those belonging to the commercial fishing and tourism industries, as well as members of other major industries that operate along the U.S. Gulf Coast. The potential for damages continues to rise, every day, as the oil makes it way across Louisiana, Mississippi, Alabama and Florida.

Who is Responsible?

Defendants named in the oil spill class action lawsuits include Transocean, the company that owns the drilling rig (Deepwater Horizon); British Petroleum (BP), the company that was operating the rig at the time of the explosion; Halliburton Energy Services and Cameron International.

Commercial and private fishing companies, shrimpers, oyster farmers, and other members of the seafood industry are being forced to halt operations. Measures are being taken to clean up the massive spill, but efforts could take several months. Months of closed operations could result in a devastating economic loss for business owners and could devastate their livelihoods for years to come. Income loss can last for years following cleanup, as the toxic effects could prevent species of fish, shrimp, oysters and other sea creatures from reproducing. This could cripple the seafood industry for years.

Who Is At Risk of Income Damage?

Businesses at risk of suffering damage to their income as a result of the Transocean Deepwater Horizon explosion extend beyond the fishing industry. People and businesses that may be at risk include:

Commercial fishermen
Shrimpers
Oyster farmers
Blue crab harvesters
Seafood restaurant owners
Hotels on the coastline
Sports fishing companies
Members of the tourism industry

Businesses that operate out of the Gulf Coast ports, which include New Orleans, South Louisiana, Gulfport and Pascagoula, Mississippi and Mobile, Alabama may also be at risk of suffering an economic hit as well. These ports account for nearly one sixth of America’s trade cargo.

Exxon Valdez Oil Spill Claims

The massive oil spill is a nightmare similar to the Exxon Valdez oil spill of 1989. Although the damage has not yet reached that of the Exxon Valdez, experts say it is a possibility. The Exxon Valdez oil spill occurred in Prince William Sound, Alaska, and leaked a total of 11 million gallons of oil. The massive oil spill spurred the development of the Oil Pollution Act of 1990, which would improve the nation’s ability to respond to oil spills of that magnitude.

Compensation May be Available

If you believe you’ve been economically impacted by the Gulf oil spill, you may be able to seek compensation for loss of income. For more information, contact our experienced Gulf oil spill lawyers today.

BP Oil Spill Breaking News

"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...

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BP Gulf of Mexico Oil Spill & Damage Claims

Who is Responsible?

Who Is At Risk of Income Damage?

Exxon Valdez Oil Spill Claims

Compensation May be Available

BP Oil Spill Breaking News

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

"Panel hears testimony on BP oil spill"

"Gulf oil spill could be contained soon"

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