A federal judge is currently considering whether to approve a settlement that would resolve thousands of claims against BP on behalf of individuals and businesses related to the 2010 Gulf of Mexico oil spill. On Thursday, Nov. 8, U.S. District Judge Carl Barbier presided over a fairness hearing, which provided an opportunity for lawyers representing both BP and plaintiffs to argue in support of the measure and make objections to portions of it. Barbier was not expected to make an immediate ruling on the settlement, although he gave it preliminary approval in May; he said last Thursday’s hearing was intended to help him decide if the proposal is “fair, reasonable and adequate.” The amount of the settlement is not capped, although BP has estimated that it would pay nearly $8 billion to resolve more than 100,000 claims associated with the proposed settlement. Prior to the fairness hearing, thousands of plaintiffs opted out of the settlement to pursue individual claims. If you suffered business income loss or a diminution of property value related to the 2010 BP oil spill in the Gulf, you may still be eligible to file a claim. The Mobile, Alabama, oil spill attorneys at Long & Long are currently reviewing potential cases related to:
Please contact Long & Long for your free case consultation today if you experienced financial harm or diminished property value related to the BP oil spill. The time to seek compensation is limited.