Lawyers See Both Promise and Problems in $20B Gulf Coast Compensation Fund
Friday, July 30th, 2010
Note: The related CLE, "The Price of Oil," is Wed., Aug. 18. The legal repercussions from the BP oil spill in the Gulf of Mexico are spreading quickly. But like so many other aspects of the catastrophe, it is hard to predict where the legal battles will lead—and impossible to say when, or how, they will end. By the end of June, with the closure of vast stretches of federal fishing waters, and with tourism plummeting along the U.S. Gulf Coast, emergency claim centers established by BP already had been flooded with some 87,000 requests for compensation to keep mortgages…