Litigation

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Second Lawsuit Against Kenneth R. Feinberg, Feinberg Rozen LLP And Gulf Coast Claims Facility Removed To Federal Court
Posted on 27 Jul 2011 by LexisNexis Litigation Resource Community Staff

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... Read More

Gulf Coast Claims Facility Now Processing Oil Spill Claims
Posted on 26 Aug 2010 by LexisNexis Litigation Resource Community Staff

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... Read More

BP Announces Preliminary $7.8 Billion Settlement With Plaintiffs Over Gulf Oil Spill
Posted on 3 Mar 2012 by LexisNexis Litigation Resource Community Staff

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... Read More

BP Says Oil Spill Claims Formula Is Too Generous
Posted on 18 Feb 2011 by LexisNexis Litigation Resource Community Staff

NEW ORLEANS - (AP) The administrator of the $20 billion fund for Gulf oil spill victims, under fire for red tape and delays, has been told by BP that his formula for determining final payments is actually too generous. A document purporting to be from... Read More

Gulf Oil Spill Claims Process Coming Under Fire
Posted on 15 Feb 2011 by LexisNexis Litigation Resource Community Staff

NEW ORLEANS - (AP) President Barack Obama vowed during a White House speech last June that the $20 billion he helped coax out of BP for an oil spill compensation fund would take care of victims "as quickly, as fairly and as transparently as possible... Read More

Closeness To Gulf Oil Spill The Key To Many Claims
Posted on 20 Aug 2010 by LexisNexis Litigation Resource Community Staff

MIAMI - (AP) Details released Friday about how claims will be paid from BP PLC's $20 billion fund show that how close geographically a person or business is to the Gulf oil spill will play a key role. The claims process is shifting from BP to the... Read More

Feinberg Calls His Oil Spill Claims Work 'Unparalleled'
Posted on 22 Feb 2011 by LexisNexis Litigation Resource Community Staff

NEW ORLEANS - (AP) The administrator in charge of Gulf oil spill claims argues in a court filing posted Tuesday that the openness of the process has been "nothing short of extraordinary" and his efforts to compensate victims have exceeded what... Read More

Potential Scams Top 7,000 In BP Spill Compensation
Posted on 28 Jan 2011 by LexisNexis Litigation Resource Community Staff

NEW ORLEANS - (AP) The $20 billion fund responsible for compensating victims of BP's Gulf of Mexico oil spill has received more than 7,000 potentially fraudulent claims, many of which have been referred to the Justice Department for criminal investigations... Read More

Oil Spill Claims Czar: Gulf Will Recover In 3 Years
Posted on 2 Feb 2011 by LexisNexis Litigation Resource Community Staff

NEW ORLEANS - (AP) The Gulf of Mexico should largely recover from BP's oil spill within three years, and all settlement offers to victims who lost revenue from the disaster will be based on that assessment, the administrator of the $20 billion compensation... Read More

U.S. Judge: Oil Spill Claims Czar Feinberg Not Independent Of BP
Posted on 4 Feb 2011 by LexisNexis Litigation Resource Community Staff

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... Read More

Special Master Sought To Oversee Gulf Oil Spill Claims
Posted on 28 Jul 2011 by LexisNexis Litigation Resource Community Staff

(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... Read More