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August 20, 2010

Report: BP Settlements May Indemnify Gulf Firms
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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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