Thursday, May 6, 2010

BP (NYSE:BP), Halliburton (NYSE:HAL), Cameron International (NYSE:CAM) and Transocean (NYSE:RIG) Sued by Seafood Dealers

BP (NYSE:BP), Halliburton (NYSE:HAL), Cameron International (NYSE:CAM) and Transocean (NYSE:RIG) are the recipients of a class-action lawsuit from seafood dealers over the explosion on the Deepwater Horizon oil rig which generated a huge oil spill devastating the industry.

The lawsuit names the four companies as defendants, and are seeking, among other things, $5 million in compensation.

This is of course just the tip of the iceberg in lawsuits, as the impact of the oil spill could be attributed to many things, and who knows how far and deep it'll go.

One problem is until the proof emerges concerning the accident, it may be a little early to start filing lawsuits, as it would make the case a little weaker if it goes forward quickly.

Of course these types of cases are usually settled, which is probably what the seafood industry is hoping for in order to recoup their alleged losses.

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