Kreindler Settles BP Oil Spill Lawsuits

Kreindler & Kreindler joined forces with some of the most prominent and successful law firms in the South and on the Gulf Coast to best represent the interests of clients who had suffered significant injury and losses from the BP Deepwater Horizon Oil Spill Disaster. The litigation was based in New Orleans, Louisiana. As a mass torts case, Kreindler represented businesses that suffered significant financial losses as a result of the spill, homeowners and rental property owners throughout the Gulf states who lost significant revenue and saw their property values plummet and people who were sickened by environmental toxins as a result of the cleanup. 

In the Media

CNN Business reported on the more than $20 billion settlement BP Oil will pay out to settle claims against it for the 2010 Deepwater Horizon oil spill. This is the largest settlement to be paid out by a single entity. According to the article, Attorney General Loretta Lynch, BP is receiving the “punishment it deserves,” for the worst environmental disaster in American history.

Largest Settlement in History

This incident created an economic, political, scientific and legal nightmare. It was largely settled when a federal district judge approved the largest environmental damage settlement in United States history – $20.8 billion – on April 4, 2016.

Our clients included several types of injured parties: 

• People sickened by the dispersant Corexit, which was used in the cleanup effort, and others who fell seriously ill after BP began burning off the crude oil, a process which trades one environmental nightmare for another by releasing harmful toxins into the air.
• Businesses that suffered significant financial losses as a result of the spill.
• Owners of private homes and rental properties throughout the Gulf States who lost revenue and seen their property values plummet.

Partner Anthony Tarricone was appointed committee coordinator for the Plaintiffs’ Steering Committee.