The process for divorce without children typically ranges from 4 months to 17 months. In the wake of the oil spill in the Gulf of Mexico, British Petroleum BP may face more than having to pay billions of dollars in fines and clean-up costs.

BP's stock value didn't start dropping immediately after the oil rig explosion in April In fact, for weeks after the explosion there was confidence in BP's ability to weather the storm. Market analysts were recommending that investors buy stock in BP and to hold onto the shares they had.

Fewer analysts recommended buying BP and a few recommended that investors sell. BP's stock market crisis is sparking legal action. First, BP shareholders filed a class action lawsuit in June in a Louisiana federal court.

BP shares still limping after Gulf spill - MarketWatch

The suit claims BP violated federal securities laws by making false or misleading statements about safety, technology, inspections, and precautions at its oil drilling facilities, including the Deepwater Horizon rig that exploded in the Gulf. If successful, the shareholders' suit could cost BP millions of dollars.

Meanwhile, another shareholder suit is brewing. The State of New York is considering a lawsuit because the state's pension fund, which has investments in BP stock, has lost millions of dollars since the disaster.

Likewise, New York City's pension funds have lost millions.

It's uncertain what may happen to BP. As of late June It's possible these and other financial burdens could cripple the company, forcing into bankruptcy.

If you've been affected by the oil spill, start working on filing a claim for your damages as soon as possible.

If you're a BP stockholder, or thinking about buying or selling BP stock, talk to your financial adviser to help make sure you're making a wise decision. If you're interested in a shareholder lawsuit against BP, talk to an attorney for advice about joining a lawsuit or filing a new one.

BP lost 55% shareholder value after the Deepwater Horizon incident - Market Realist

The oil spill is, of course, a tragedy. But its damaging effects aren't limited to the Gulf Coast region. It's impacting people and businesses all over the US.

Do your best to minimize the damage to your property and wallet. BPs Liability for the Gulf Spill is Taking Shape. Government Claims for Oil Spill-Related Damages.

Damage Claims Come from Beyond the Gulf Region. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or should be formed by use of the site. The attorney listings on the site are paid attorney advertisements.

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Home Securities Securities Basics Oil Spill Hits BP's Stock, Threatens It's Future.

BP Stock Looks Cheap After Spill Leads to Panic Selling - CBS News

The Gulf oil spill has caused BP's stock value to fall BP shareholders have filed lawsuits against the company and more may follow With billions of dollars at stake, BP's future may be in jeopardy Take action to protect your property and investments.

Securities , Securities Basics , Consumer Law , Environmental Law. Have a securities question? Find a Securities Basics lawyer.

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