Does BP have enough money to pay everyone for their losses?

BP is a large, profitable company and has said it will pay all legitimate claims related to the Deepwater Horizon oil spill. The oil giant has paid more than $3 billion to date in cleanup costs and claims. It also has agreed to contribute $20 billion over four years into an independently managed fund to cover damages related to the oil spill.

As the oil spill continues and BP’s litigation costs mount, there may be less certainty about the company’s ability to meet its obligations. BP’s liabilities are likely to increase as time passes, especially if the company is hit with adverse court decisions related to the oil spill and the deaths of crew in the Deepwater Horizon explosion.

Individuals and businesses that have losses related to the oil spill should move forwards now with a claim.Contact an experienced oil spill attorney at Arnold & Itkin LLP for a free evaluation of your claim and legal options.

The unprecedented harm of the BP spill will continue to affect property, business and the environment for years to come. The Oil Spill Task Force, sponsored by Arnold & Itkin LLP, coordinates the financial, legal and investigative resources needed to represent the claims of businesses and individuals whose livelihoods and property are threatened by the BP oil spill.

If you would like a review of your claim, call the attorneys of Arnold & Itkin LLP at 888-498-8212 or use our online form. We focus on representing your financial interests in claims against BP.

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