BP Waives $75 Million Cap
October 22, 2010 by cw-admin
Filed under S.O.S Updates
Lawyers from Arnold & Itkin are applauding the BP Company’s announcement that it is waiving a $75 million cap on liability for some claims resulting from the Gulf of Mexico oil spill.
BP lawyers made the company’s position known in an October court filing. Company lawyers said that BP always intended to pay legitimate economic damage claims ” ” even in some cases where the damages exceed the statutory limitation on liability as established by the 1990 Oil Pollution Act, according to Associated Press reports. Read the Press Release
