Gulf Coast Claims Facility Now Processing Oil Spill Claims

DUBLIN, Ohio -- Gulf Coast Claims Facility Administrator Kenneth R. Feinberg has announced that the Gulf Coast Claims Facility (GCCF) is fully functioning and will begin to process claims for emergency payment. All individual and business claims and supporting documentation have been transferred from...

Plaintiff Attorneys Urge Oil Spill Victims To Pursue Litigation, Not BP Compensation Fund

MIAMI BEACH -- Plaintiff attorneys at a Gulf oil spill litigation conference have urged colleagues to advise clients to not accept money from the $20 billion BP compensation fund and instead pursue litigation. Some raw anger at BP spilled out June 24 at HB Litigation Conferences ' Oil in the Gulf...

Gulf Oil Claims Facility Payouts Total $1.7 Billion To Date

MIAMI BEACH -- The Gulf Coast Claims Facility (GCCF) has received just shy of 350,000 emergency claims and paid out about $1.7 billion on just under 100,000 of them as of Nov. 5, according to Michael Rozen of Feinberg Rozen LLP in New York. Rozen is the law partner of GCCF Administrator Kenneth...

91,000 BP Gulf Oil Spill Claims Filed, But Just 1 Final Payment

OCEAN SPRINGS, Miss. - (AP) BP's compensation fund for Gulf oil spill victims has issued a final settlement payment to just one of the thousands of people and businesses waiting for checks, records show, and that $10 million payout went to a company after the oil giant intervened on its behalf. BP...

U.S. Judge: Oil Spill Claims Czar Feinberg Not Independent Of BP

NEW ORLEANS - (AP) The administrator of the $20 billion compensation fund for Gulf oil spill victims is not independent from BP and must stop telling potential claimants that he is, a federal judge said in a ruling Wednesday that may spur more people to sue rather than settle. U.S. District Judge Carl...

U.S. To Gulf Oil Spill Claims Czar: Loosen Purse Strings On Fund

ATLANTA - (AP) The job of the administrator of the $20 billion fund for Gulf oil spill victims is not to preserve money or return it to BP, and he should loosen the purse strings to help people still suffering from last year's disaster, the Justice Department said Friday. In a letter. . . . Full...

Few Taking Final Offers To Settle BP Oil Spill Claims

NEW ORLEANS - (AP) Records show that in the last two weeks more than 8,100 people and businesses have been offered final payments from BP's oil spill compensation fund, but few have accepted so far. Gulf Coast Claims Facility data show that only about 2.5 percent have accepted. Claimants have 90...

Lawsuit Targets Gulf Oil Spill Compensation Fund, Administrator Kenneth R. Feinberg

Complaint Alleges Gross Negligence, Fraud, Fraudulent Inducement and Unjust Enrichment TAMPA, Fla. - A first-of-its-kind lawsuit has been filed in Florida state court against the Gulf Coast Claims Facility (GCCF), its administrator, Kenneth R. Feinberg, and his law firm, Feinberg Rozen LLP, alleging...

BP Says It Wants To End Future Loss Claims For Gulf Oil Spill

NEW ORLEANS - (AP) BP is arguing that victims of last year's Gulf oil spill should not be paid any more claims for future losses because the areas affected by the spill have recovered and the economy is improving. The British oil company makes its case in a 29-page document filed. . . . Full version...

Second Lawsuit Against Kenneth R. Feinberg, Feinberg Rozen LLP And Gulf Coast Claims Facility Removed To Federal Court

Complaint Alleges Gross Negligence, Fraud, Fraudulent Inducement and Unjust Enrichment FORT MYERS, Fla. - A second lawsuit against Kenneth R. Feinberg, Feinberg Rozen LLP and Gulf Coast Claims Facility (GCCF) was removed from state court to the U.S. District Court for the Middle District of Florida...

Special Master Sought To Oversee Gulf Oil Spill Claims

(AP) The lead attorneys for people and businesses suing BP over last year's Gulf oil spill want a federal judge to appoint a special master to oversee the claims process. They said in court papers Monday that administrator Kenneth Feinberg has been too slow to process interim payments. . . . Full...

BP Announces Preliminary $7.8 Billion Settlement With Plaintiffs Over Gulf Oil Spill

Estimated $7.8B settlement expected to be paid from $20 billion Trust BP has reached a settlement with the Plaintiffs' Steering Committee (PSC), subject to final written agreement, to resolve the substantial majority of legitimate economic loss and medical claims stemming from the Deepwater Horizon...

BP, Plaintiffs Agree To $7.8 Billion Settlement Of Gulf Oil Spill Claims

NEW ORLEANS - (Mealey's) BP PLC and plaintiffs in the federal multidistrict litigation court in Louisiana for claims arising from the explosion of the Deepwater Horizon rig and ensuing oil spill in the Gulf of Mexico reached an agreement on March 2 wherein the company would pay $7.8 billion to resolve...