BP has paid out more than $2 million to Floridians for individual lost-income claims, and kept most of the cases open for future payment. That's on top of the $50 million it gave the state for emergency preparations and a tourism promotion campaign.
Fred Levin, a Pensacola attorney who assembled the state's team of private lawyers that won a $14 billion settlement from the tobacco companies, said the BP effort could dwarf that effort. Finding the right experts on a county-by-county basis who can evaluate and determine economic damages will be a massive undertaking, he said.
Finding a legal team capable of bankrolling up-front case preparation will be difficult, if not impossible, Levin said….
"A lawsuit can't stop the oil and BP is not going to run out of money," Levin said. "It's going to be an expensive undertaking. Tobacco is going to be a pittance compared to this."
Click on the following for more details: Groundwork laid for oil suit | news-press.com | The News-Press
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