The BP Settlement for the Deepwater Horizon Oil Spill

BP Settlement

A tentative BP settlement covering suits filed by Alabama, Florida, Louisiana, Mississippi and Texas as well as the federal government has been reached.

The settlement between BP, the Gulf Coast states and the federal government stipulates that the British oil company will pay $18.7 billion over 18 years to compensate for damages from the 2010 Deepwater Horizon oil spill.

“This is a landmark settlement. It is designed to compensate the state for all the damages, both environmental and economic.” – Gov. Robert Bentley of Alabama

The settlement covers all the suits filed by Alabama, Florida, Louisiana, Mississippi, Texas, and the federal government.

This settlement is in addition to the $4 billion plea agreement for criminal fines in the spill BP had already agreed to pay.

If you have any questions about the BP Settlement, contact our BP Oil Spill Attorneys now.

Take Action Now

If you believe that you may have a BP Settlement claim, it is important to act now. All claims have a very strict time limit.

That means you should immediately contact us. To find out if your business may qualify for BP Settlement funds, contact us today. Complete a free initial consultation form or call us toll free at (800) 225-5564. We are available 24 hours a day, 7 days a week.