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BP Waives $75M Cap For Some Oil Spill Claims

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 the statutory limitation on liability. . . . Full...

Number Of Residents Denied BP Compensation Money Up Sharply

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 20,000 people have been told. . . . Full version...

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...

Gulf Oil Spill Claimants Offered New, Faster Option

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 right to sue BP or receive. . . . Full version...

BP Claims Czar Continues Gulf Tour Amid Complaints

LAFITTE, La. - (AP) The administrator of BP's $20 billion oil spill claims fund continues his two-day swing across the Gulf Coast with visits to two southern Louisiana towns. Attorney Kenneth Feinberg will meet with residents, business owners and fishermen in Lafitte and Houma on Tuesday. Feinberg...

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. 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...

Scientist Finds Gulf Bottom Still Oily, Dead

WASHINGTON, D.C. - (AP) Oil from the BP spill remains stuck on the bottom of the Gulf of Mexico, according to a top scientist's video and slides that she says demonstrate the oil isn't degrading as hoped and has decimated life on parts of the sea floor. That report is at odds. . . . 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...

BP Hikes Oil Spill Claims Czar's Monthly Fee To $1.25 Million

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 to The Associated Press include a letter from...

Federal Board Questions Gulf Oil Rig Blowout Preventer's Design

METAIRIE, La. - (AP) A senior official for the maker of the blowout preventer that failed to stop last year's Gulf oil spill said Friday the device hadn't been tested to see if it could cut through a bent drill pipe. The firm hired by the government to examine the 300-ton device. . . . Full version...

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...

Mississippi AG Sues Administrator Of BP Oil Spill Fund

JACKSON, Miss. - (AP) Mississippi's attorney general said Tuesday his office is suing the administrator of BP's $20 billion oil spill fund to get access to claims filed by coastal residents. Jim Hood said Tuesday that he has tried to negotiate with the fund's administrator, Washington lawyer...

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...

BP, Plaintiffs Agree To $7.8 Billion Settlement Of Gulf Oil Spill Claims

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 2 wherein the company would pay $7.8 billion to resolve...

Feinberg Outlines Details For Program To Compensate GM Ignition Switch Claimants

WASHINGTON, D.C. — (Mealey's) Compensation expert Kenneth Feinberg on June 30 outlined the details of a program for compensating claimants alleging death or injury in accidents related to defective General Motors (GM) ignition switches. Speaking at the National Press Club in Washington,...