Posted On: April 18, 2012 by Thornhill Law Firm, APLC

BP Settlement Update

Today, in the BP case, on April 18, 2012, U.S. District Judge Carl Barbier was presented with the formal terms of a proposed class-action settlement designed to pay out billions of dollars in economic and medical damage claims resulting from the April 20, 2010 oil and gas blow out in the Gulf of Mexico. BP will pay in full, in acordance with the terms of the settlement, when approved, all claims described, inlcuding business claims, and personal injury claims, that fit within the defined terms of the settlements. There is not a cap on the total payments, although BP estimates its exposure as seven billion, eight hundred thousand (US $7.8 Billion) dollars. This settlement also does not decide claims for punitive damages against BP, the ship owner, Transocean Ltd, and cement contractor Halliburton. A status conference is scheduled for May 3, to discuss plans for the projected trial of the remaining parties involved.

There is still time to file your claim against BP! Thornhill Law Firm is filing claims for BP victims, including business and medical claimants in order to recover the amount due and deserved. For immediate assistance, you may contact Thornhill Law Firm at (985) 641-5010, toll free, (800) 989-2707, or by using the “Contact Us” form on the website for Thornhill Law Firm.

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