Huge BP oil spill leads to lawsuit http://bit.ly/tCsAqa

Article by Greg Jacobs

The twentieth of April would be a really terrible time with regard to BP and the consequences of this man-made devastation are getting felt yet may undoubtedly continue and get worse until the spill is contained, cleared up and individuals are paid out.Inevitably the Deepwater Horizon oil rig was based off the cost of America and quite frankly there may not have been a worse area for there to be a huge oil spill. British petroleum will need to navigate its way via a labyrinth of legal cases and class action lawsuits against them, not forgetting the American government which almost certainly has a really low view with the company by now.The most recent breaking news regarding the oil spill is BP's decision to cover the building of six sand barriers off of the coastline of the US state of Louisiana so that they can safeguard the fragile wetlands.At this stage the oil slick seems to have hit Louisiana, a small sector of Mississippi, Alabama and is now likely to reach Florida inside a couple of days also it would appear individuals are already planning their own legal cases.A number of eateries from Louisiana and Florida have decided to take a proactive step towards recovery by filing a class action suit against British petroleum, whom the U.S. Coast Guard has identified as the "responsible party," based on the Oil Pollution Act.The class action, dated May 18, had been filed on behalf of many plaintiffs who are restaurant owners and others inside the seafood service industry who have or will certainly experience lost earnings due to the subsequent oil spill following the tragedy of the Deepwater Horizon oil platform.British petroleum also hired employees to help clean up the oil leak, both on the ocean surface as well as on land. It did not take too much time before employees starting being hospitalised in growing amounts with high blood pressure, nausea as well as pounding head aches.Many of the employees BP hired were fishing crews and so they received a dispersant known as Corexit, which is designed to break the oil into small droplets that are biodegradable. The organization that creates the product and British petroleum state it's safe, but just to be on the safe side Government agencies have asked BP to restrict its use.If British petroleum believed the worst was over, they had been completely wrong. The "top kill" strategy which has up to now failed was a real setback for the organization. Every second the leak continues only contributes to an already giant bill which BP will need to foot.While the oil continues to leak BP will take strikes coming from all directions. The share price has had to deal with enormous amounts wiped of the company's worth. They are losing the very thing that they went drilling for in huge quantities, they've agreed to cover all of the clean-up expenses, which will proceed well past $ 1 billion dollars.Eleven individuals died when the oil rig exploded and it is currently the largest man-made disaster in the country's history. President barack obama and his administration are less than impressed by BP having missed deadline after deadline to repair the leak. The credit rating agency, Fitch has decreased BP from an AA rating to AA.It's highly plausible that British petroleum will be continuing to clear up the physical destruction from the oil leak for several weeks and this may take several years prior to the legal clutter can be sorted out because class action lawsuits will likely be coming in the thick and fast.