Gulf of Mexico Oil Disaster Could Devastate Businesses

Posted on behalf of Phillips Law Group on May 06, 2010 in Local

When man-made catastrophes strike, the fallout can range far and wide and lead to serious harm to people and businesses that was never thought to be possible before the worst-case scenario became a reality. Unfortunately for countless people who depend on the viability of the waters and sea life in the Gulf of Mexico, the BP oil spill that's set to decimate everything in its path could lead to financial ruin. Below is a look at an issue that could arise for many people in the legal context, and for a clear explanation anyone who could be or already has been harmed should contact a BP oil spill lawyer.

Legal Responsibility for the BP Oil Spill

The oil spill that's filling the Gulf of Mexico started with an off-shore drilling plant that's owned and operated by BP, one of the largest oil companies in the world. Therefore, when something goes wrong with this facility, it's the responsibility of BP to deal with the aftermath and to handle the fallout. This is not only how the law works, but it's also what's been said explicitly by none other than President Barack Obama and by Tony Hayward, who happens to be the CEO of BP. Admissions of fault tend to be discussed and presented in lawsuits that follow.

Personal Injury Lawsuits Against BP

When people hear the phrase 'personal injury lawsuit,' many assume that it involves an auto accident or some other accident in which the plaintiff is physically injured. While these are common personal injury claims, people can be injured financially as well when a person or an entity is guilty of negligence. Given that BP has already all but admitted fault, it could lead to personal injury claims against the company based on tortious interruption of business. As stated above, countless people in the gulf region depend on the water and ecosystem to provide for themselves and their families.

This oil disaster will cripple several industries, including shrimping, commercial fishing, environmental developers, tourism and many others. When businesses such as these are basically shut down because of a man-made disaster that's based on negligence, people who have been harmed in this manner could have legal rights and options at their disposal.

If you or someone you love has suffered in any way because of this BP oil spill, you need to take action. Contact the BP oil spill lawyers at Phillips Law Group today to schedule a free initial consultation.

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