Litigation

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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

BP Waives $75M Cap For Some Oil Spill Claims
Posted on 19 Oct 2010 by LexisNexis Litigation Resource Community Staff

NEW ORLEANS - (AP) BP PLC informed a federal judge Monday that the company is waiving a $75 million cap on its liability for certain economic damage claims spawned by the massive Gulf oil spill. In a court filing, BP lawyers said the company is waiving... 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

Problems Plague BP Oil Spill Compensation Fund
Posted on 5 Oct 2010 by LexisNexis Litigation Resource Community Staff

ORANGE BEACH, Ala. - (AP) In the rush to get compensation from BP after its massive oil spill, the $20 billion fund that the company created has been inundated with questionable documentation, inflated claims and in some cases, outright fraud all slowing... 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

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

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 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

Gulf Oil Spill Claimants Offered New, Faster Option
Posted on 14 Dec 2010 by LexisNexis Litigation Resource Community Staff

OCEAN SPRINGS, Miss. - (AP) The administrator of a $20 billion fund doling out money to Gulf oil spill victims said Monday that people who want more cash can now get a quick check within two weeks, but there's a catch: Cashing it means giving up the... Read More