Monday, July 5, 2010

BP Oil Spill Costs Exceed $3 Billion

CNN reports that BP has so far spent more than $3 billion in connection with the Gulf of Mexico spill, including $147 million to pay 47,000 claims so far of the 95,000 total submitted.  CNN also noted speculation that the more than 50% drop in BP's share price has even made it ripe for a takeover.  

BGS

http://lawprofessors.typepad.com/mass_tort_litigation/2010/07/bp-oil-spill-costs-exceed-3-billion.html

Aggregate Litigation Procedures, Environmental Torts, Mass Disasters | Permalink

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