Plaintiffs Lawyers Say Oil Spill Fund Unlikely to Deter Litigation
The $20 billion compensation fund for victims of the Deepwater Horizon oil spill has begun taking applications, but plaintiffs lawyers doubt it will significantly forestall litigation. It could even lead to a new wave of lawsuits. Many of their clients, especially large businesses, are unlikely to seek final settlements anytime soon, they said. The claims process might not give them enough time to calculate their losses, and it’s unclear whether the fund would compensate those geographically remote from the spill.
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