BP Facing Massive Compensation Claims for Oil Leak

BP is facing massive compensation claims for the Deepwater Horizon rig, which was sunk by an explosion on April 22nd. The result was a burst underwater oil pipe leaking about 10,000 barrels of oil a day.  The questions about contributory negligence have already started, with BP blaming the accident on drilling firm Transocean, the maker of the equipment that alledgedly failed and caused the explosion.  Wikipedia has published a particularly comprehensive article, considering it’s an ongoing event.