A settlement has been reached that will fully compensate hundreds of thousands of victims of the BP oil spill disaster. The settlement will be fully funded by BP and has no cap on the damages that the company will pay out.

Under the terms of the settlement, BP is obligated to fully satisfy all eligible claims under the terms of the Court supervised settlement. The agreement will resolve the overwhelming majority of claims stemming from the spill, including private economic loss, property damage, and medical injuries that occurred due to the spill or clean-up efforts.

The settlement actually consists of two separate agreements. The first settlement agreement compensates both individuals and businesses for economic losses that are attributed to the oil spill. These damages can include loss of profits, real property losses, loss of subsistence use, and damage to coastal property, wetlands, and personal property.

Even if you have already received payment from the Gulf Coast Claims Facility (GCCF) you may be entitled to additional compensation through the new court supervised program.

Contact us today and let one of our BP oil spill attorneys answer your oil spill claim questions for free.