BP Claims

New Orleans’ Court Halts Payment of BP Claims

bp claimsOn 20th April, 2010 one of the biggest tragedies occurred in the deep waters of the Gulf of Mexico. It is during this day that the infamous Deepwater Horizon Oil Spill, commonly referred to as the BP Oil Spill occurred. It has been touted as one of the worst disasters in history of the U.S. The damage caused was immense not to mention the lives that were lost. The catastrophe attracted lots of attention; the most recent development in the case being the halting of payments of the BP claims.

Effects of the Oil Spill

The 2010 oil spill was truly devastating. The explosion and blowout that occurred on the Deepwater Horizon brought with it the death of eleven crewmen. Another seventeen individuals working on the vessel were badly injured. The fire was extinguished but two days later the Deepwater Horizon sank leaving the gaping oil well on the seabed pumping more than two million gallons of crude oil into the Gulf of Mexico for close to ninety days.

The oil spill had incredibly devastating effects on the environment particularly on the marine life. Miles of coastline were also affected tremendously. There are many parties looking to be compensated through the BP claims settlements.

Court proceedings

The Deepwater Horizon settlement together with fines and cleanup costs amount to almost forty billion dollars. Many businesses and parties have come forward to make BP claims on losses accrued as a consequence of the spill. Payments were to be made a few months ago but some jaw-dropping court reversals have brought any payment of any of the BP claims screeching halt. The request made by BP for expedited considerations was granted by a New Orleans’ Judge Edith Brown in an ordered. She directed that all victims of the tragedy should respond to BP’s motion by eighth of January. Both sides are also supposed to file letters on the same day on the issue of causation.

In March 2012, BP had reached a settlement with a majority of private plaintiffs. This was just prior to the commencing of a trial on liability for the incident. The initial value of the loss as put forward by BP was $7.8 billion. However in a regulatory filing made on October 29, the cost was put at $9.2 billion.

BP has been battling with lawyers for spill victims, Barbier and Patrick Juneau, the administrator of the settlement since early last year. The controversy is primarily over an interpretation of the agreement which the oils say permits payment of claimants who cannot associate their losses to the spill.

According to BP, Juneau has gone ahead to approve millions of dollars in settlement to businesses with fictitious losses that are in no way related to the offshore spill of 2010. This is why the company contested the decision by Barbier to uphold Juneau’s interpretation by making an appeal to the New Orleans-based court in October. On the eve of Christmas, Barbier in an order said that under the settlement agreement, BP could not tie payments to direct causation. BP returned the matter to the court of appeal on the 30th of December. The oil company won favor with the judge to halt the settlement of BP claims till the 8th of January 2014.

BP Claims Consultants

bp claims consultants Be Guided by BP Claims Consultants

With the large damage of the Deepwater Horizon oil spill, more and more individuals and businesses have sought the help of BP Claims consultants to assess and pursue settlement cases from the national disaster.

It has been terribly difficult for those affected by the tragedy to assess their own damages and losses, and even more so to qualify for claims without the help of BP Claims Consultants. To know more about the disaster and how to get help in filing your claim, please read on.

The Deepwater Horizon Oil Spill

The Deepwater Horizon oil spill occurred in the afternoon of April 2010. It is considered as one of the biggest environmental disasters to happen within the past several decades. The disaster was so massive that it affected the coastlines of five neighboring states, specifically Louisiana, Alabama, Mississippi, New Mexico and Texas. This tragedy has been regarded as a national emergency because of the large amount of oil that spilled into the ocean just hours from the initial report of the catastrophe.

It was approximated that more than 62,000 US Gallons of oil spilled into the gulf per day within the span that the BP well as unsuccessfully sealed to the time that the spill was finally controlled.

As of December 2012, there are still more than 300 miles of coastlines in Louisiana that is under evaluation and strict surveillance for damages caused by oil spill. Furthermore, BP and its affiliates from the Louisiana oil spill are still currently under inquiry for the existing damages to the US coastlines.

Identified regions that are part of the BP settlements under the Atlantic coastal areas cover several states in the Atlantic area. There are 11 specific areas which cover the Florida Keys, Florida Panhandle Eastern, Western and Central Section, Tampa Bay to Marco Island, certain parts of the Texas coastline, Mississippi gulf, some parts of New Orleans, and the South, Southeast and Southwest coastlines of Louisiana. If you are within these areas you may file settlement claims with BP and the amount will be based on which area you are from. You may look up exact details of these areas and their guidelines online.

Have our BP Claims Consultants help you out!

BP settlements concerning Medical claims are also being filed due to health and medical hazard that cleanup workers and other exposed individuals have suffered from the oil spill. Based on all these information, if you see that you have damages and losses to claim from the Deepwater Horizon oil spill, you may have one of our BP claims consultants advice and evaluate you on actions that can be taken.

Do Not Hesitate to Begin Your Claim Today

Please take note that you may file settlement cases regarding the oil spill within three years from the official report of the damages which you or your business has incurred. Our BP Claims consultants will guide you in the right direction of solidifying your case. They will also help you get the right amount of compensation that you deserve. They are always happy to serve you. Our BP Claims consultants will immediately answer any of your concerns regarding your claims. Feel free to contact us right away so we can get you the right compensation for your damages and losses from the Deepwater Horizon oil spill.