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 Oil Claims Facility Payouts Total $1.7 Billion To Date
Posted on 5 Nov 2010 by Gregg Lawson

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... 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

Few Taking Final Offers To Settle BP Oil Spill Claims
Posted on 3 Mar 2011 by LexisNexis Litigation Resource Community Staff

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... 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

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

U.S. To Gulf Oil Spill Claims Czar: Loosen Purse Strings On Fund
Posted on 7 Feb 2011 by LexisNexis Litigation Resource Community Staff

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... 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

91,000 BP Gulf Oil Spill Claims Filed, But Just 1 Final Payment
Posted on 1 Feb 2011 by LexisNexis Litigation Resource Community Staff

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... 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

Oil Spill Claims Chief Announces New Payment Rules
Posted on 21 Feb 2011 by LexisNexis Litigation Resource Community Staff

JACKSON, Miss. - (AP) The administrator of BP's $20 billion Gulf oil spill fund announced new rules Friday on how final payments will be determined in the highly criticized claims process, but the central payment formula remained unchanged from a... Read More

BP Says It Wants To End Future Loss Claims For Gulf Oil Spill
Posted on 11 Jul 2011 by LexisNexis Litigation Resource Community Staff

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... Read More