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

BP, Plaintiffs Agree To $7.8 Billion Settlement Of Gulf Oil Spill Claims
Posted on 5 Mar 2012 by Shane Dilworth

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... 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 Hikes Oil Spill Claims Czar's Monthly Fee To $1.25 Million
Posted on 28 Mar 2011 by LexisNexis Litigation Resource Community Staff

PASCAGOULA, Miss. - (AP) Documents provided by the administrator of BP's claims fund for Gulf oil spill victims show the oil giant agreed to increase his law firm's monthly compensation from $850,000 to $1.25 million. The documents furnished Friday... Read More

Number Of Residents Denied BP Compensation Money Up Sharply
Posted on 2 Nov 2010 by LexisNexis Litigation Resource Community Staff

OCEAN SPRINGS, Miss. - (AP) Denied claims for Gulf of Mexico oil spill victims are rising dramatically because of a flood of new filings coming in without proper documentation or with no proof at all, the head of the $20 billion BP fund said Monday. Some... Read More

Obama: BP Agrees To $20B Fund; Chairman Apologizes
Posted on 16 Jun 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) President Barack Obama and BP reached agreement Wednesday on a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico, and the giant British company's chairman apologized to America for the... 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

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

Oil Spill Legal Mess Likely One Of Costliest Ever
Posted on 27 Jul 2010 by LexisNexis Litigation Resource Community Staff

MIAMI - (AP) BP PLC and the other companies involved in the Gulf of Mexico oil spill are faced with fast-multiplying lawsuits that will provoke one of the most drawn-out and costliest legal battles in U.S. history, one that could easily consume the $20... Read More

New Guidelines Could Rule Out Many Gulf Oil Spill Claims
Posted on 23 Aug 2010 by LexisNexis Litigation Resource Community Staff

MIAMI - (AP) A flower shop in Florida that saw a drop-off in weddings this summer is probably out of luck. So is a restaurant in Idaho that had to switch seafood suppliers. A hardware store on the Mississippi coast may be left out, too. The latest guidelines... Read More