Tag Archives: Trans-Ocean Offshore Deepwater Drilling Inc.
Seven Years Later, Deepwater Horizon Still Spilling Into Legal System
The BP oil spill has faded from the global headlines, but seven years later, the effects on residents of the Gulf Coast and the legal system nationwide are far from over. While the journey has been long and difficult, there are lessons for those injured and their lawyers. The Deepwater Horizon Claim Center will likely shut down this year after paying an estimated $13 billion in individual and business claims for economic and property damages. As it does, payments from related settlements, this time with Halliburton Energy Services Inc., Trans-Ocean Offshore Deepwater Drilling Inc. and other defendants, will start. Thousands of claimants are expected to divide $1.24 billion.,,, Those in the seafood industry received $2.3 billion in compensation for business and economic losses. Of that, $520 million was not paid until late last year, which means some people waited six-and-a-half years to receive all of their money. click here to read the story 11:40
