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Report: BP Settlements May Indemnify Gulf Firms

HeadlineAug 20, 2010

Meanwhile, new details have been released on the restrictions and conditions of BP’s government-administered $20 billion compensation fund for those affected by the Gulf Coast spill. According to the New York Times, claimants receiving compensation will likely have to forfeit their right to sue not only BP but all the other major companies involved in the spill. Gulf of Mexico residents who don’t live or work directly in coastal areas affected by the spill are expected to face extreme difficulty in pursuing claims.

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