LexisNexis® Legal Newsroom
Closeness To Gulf Oil Spill The Key To Many Claims

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 Gulf Coast Claims Facility. . . . Full version available...

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...

Problems Plague BP Oil Spill Compensation Fund

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 down the process for legitimate claims, the administrator...

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...

Potential Scams Top 7,000 In BP Spill Compensation

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, the fund's administrator told a Senate...

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...

Oil Spill Claims Czar: Gulf Will Recover In 3 Years

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 fund said Wednesday. Attorney Kenneth Feinberg...

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...

Gulf Oil Spill Claims Process Coming Under Fire

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." Eight months later, that's not how...

BP Says Oil Spill Claims Formula Is Too Generous

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 a major business was posted on. . . . Full version...

Oil Spill Claims Chief Announces New Payment Rules

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 proposal released earlier this month. Kenneth Feinberg...

Feinberg Calls His Oil Spill Claims Work 'Unparalleled'

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 is required by federal law. The paperwork filed...

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...

BP Oil Spill Litigation Law Firm Wesley J. Farrell Becomes Farrell & Patel

MIAMI - The Law Firm of Wesley J. Farrell has announced that Ricky K. Patel has been named partner, and the firm will now be known as Farrell & Patel Attorneys at Law. The firm currently represents 600 hotels and other Gulf Coast businesses negatively impacted by the BP oil spill of 2010 and concentrates...

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...