Litigation over the explosion of the Deepwater Horizon and the BP Oil Spill has taken years — and it might take years more for settlements to be realized. If you are a plaintiffs' attorney waiting on a long-overdue settlement, the cash flow solution you need may be post-settlement legal funding, also known as our Fee Acceleration product. To convert your settled fees into immediate working capital, call RD Legal Funding at 800-565-5177. Speak with a legal funding specialist or fill out the brief form on this page to begin the application process.
When the Deepwater Horizon drilling rig blew up in the Gulf of Mexico in April 2010, the Macondo oil well spilled almost five million barrels of oil into the Gulf. The effects of this, the worst oil spill in U.S. history, continue to negatively impact the area’s environment, economy, and human health. Shortly after the explosion, BP established a $20 billion escrow fund directed at compensating businesses and workers in Louisiana, Mississippi, Alabama, Florida, and Texas whose income suffered as a result of the spill. Health problems and injuries are also covered.
Thousands of lawsuits were filed as a result of the spill against:
The types of lawsuits they face fall into these general categories:
Many of the lawsuits have been grouped into multidistrict litigation (MDL) and class action suits. The MDL is being handled by Judge Carl Barbier in the U.S. District Court for the Eastern District of Louisiana. Negligence claims against BP and shareholder suits filed on behalf of BP investors have been filed as class actions.
Also at issue are BP’s violations of the Oil Pollution Act of 1990 and the Endangered Species Act of 1973.
Stop waiting on slow-paying settlements. To see if RD Legal Funding can provide you with a post-settlement advance, fill out a short application and provide basic documentation confirming the settlement. We fax you an assignment, you sign it and send it back, and we wire you your funds. Get started today by filling out the brief form on this page. Or call RD Legal at 800-565-5177 to speak with a lawsuit settlement funding expert.