BP Settlement Claims

Gulf Coast Disaster News

BP Snipes Away at Oil Spill Settlement

January 21, 2014, 2:27 pm

Originally posted by Amanda Bronstad - The National Law Journal - January 20, 2014

 

Despite a resounding recent setback before an appeals court, BP PLC remains unbowed in its campaign to rewrite its $9.6 billion settlement in the Deepwater Horizon disaster. The company continues to chip away at the deal both in the courts of law and of public opinion. Even hard-bitten plaintiffs attorneys who have taken on big oil companies in the past are finding it remarkable for a company to challenge its own settlement.


Bailing Out of Deepwater MDL

January 21, 2014, 2:24 pm

Originally posted by Miriam Rozen - Texas Lawyer - January 20, 2014


With the Deepwater Horizon oil spill approaching its four-year anniversary in April, the multidistrict litigation stemming from the disaster appears to have no end in sight. [See timeline chart.] After a series of disappointing rulings, Texas plaintiffs lawyer Brent Coon is organizing a meeting with fellow plaintiffs counsel in an effort to extract some of their cases from what he said is a slow-moving MDL. Coon, founder of Brent Coon & Associates, said he would like to move about three-fourths of his clients' 10,000 cases "back to their home courts."


BP Wins Expedited Appeal of Bid to Stop Spill Payments

January 3, 2014, 1:03 pm

BP Plc (BP/)’s bid to block economic-loss payments tied to the 2010 Gulf of Mexico oil spill unless the claims can be directly linked to the disaster won fast-track consideration by an appeals court.


BP oil spill claims system shut down

December 10, 2013, 12:32 pm

Area businesses with claims totaling millions of dollars face a six- to 12-month delay in payment, said Kevin McLean, a Tampa lawyer specializing in handling BP claims.


What Concerns BP About Gulf Oil Spill Settlement

November 6, 2013, 10:42 am

Originally posted by Michael Kunzelman - Associated Press - November 4, 2013

NEW ORLEANS  -- A year ago, lawyers for BP and Gulf Coast residents and businesses took turns urging a federal judge to approve their settlement for compensating victims of the company's massive 2010 oil spill.

On Monday, however, the one-time allies will be at odds when an appeals court hears objections to the multibillion-dollar deal. That's because several months after U.S. District Judge Carl Barbier approved the settlement, BP started complaining that the judge and court-appointed claims administrator were misinterpreting it. The London-based oil giant is worried it could be forced to pay billions of dollars more for bogus or inflated claims by businesses.


BP Spill Settlement Objectors Seek to Overturn Approval

November 5, 2013, 8:48 am

Originally posted by Margaret Cronin Fisk and Allen Johnson Jr - Bloomberg - November 4, 2013

Opponents of BP Plc (BP/)’s $9.2 billion partial settlement of private-party claims from the 2010 Gulf of Mexico oil spill asked a U.S. appeals court to reverse a judge’s approval of the agreement.

The deal can’t be approved because it inconsistently compensates victims with the same types of economic injuries, opponents of the settlement told the U.S. Court of Appeals in New Orleans today. The settlement should be more fairly distributed, attorney Brent Coon told the panel.

“It’s not just the amount of money that’s paid, it’s money that should have been paid,” he said. Coon and lawyers for other objectors are seeking a reversal of U.S. District Judge Carl Barbier’s December approval of the accord.


Court hears arguments on BP oil spill settlement

November 4, 2013, 2:51 pm

Originally posted by Michael Kunzelman - Associated Press - November 4, 2013

NEW ORLEANS (AP) — A federal appeals court heard dueling arguments Monday on whether a judge should have approved BP’s multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.

Theodore Olson, a lawyer for BP, said the class-action deal it reached last year with a team of private plaintiffs’ attorneys “became something else” after U.S. District Judge Carl Barbier upheld a court-appointed claims administrator’s interpretation of terms governing payouts to businesses.


Gulf oil spill settlement back in court as BP contests interpretation of business claims

November 4, 2013, 2:48 pm

Originally posted by Michael Kunzelman - Washington Post - November 4, 2013

NEW ORLEANS — A year ago, lawyers for BP and Gulf Coast residents and businesses took turns urging a federal judge to approve their settlement for compensating victims of the company’s massive 2010 oil spill.

On Monday, however, the one-time allies will be at odds when an appeals court hears objections to the multibillion-dollar deal. That’s because several months after U.S. District Judge Carl Barbier approved the settlement, BP started complaining that the judge and court-appointed claims administrator were misinterpreting it. The London-based oil giant is worried that it could be forced to pay billions of dollars more for bogus or inflated claims by businesses.


BP Wins Review of Challenged Payouts to Oil-Spill Victims

October 3, 2013, 9:24 am

Originally posted by Wall Street Journal -  Margaret Cronin Fisk and Jef Feeley - October 3, 2013

BP persuaded an appeals court to order a re-examination of key terms of the 2010 Gulf of Mexico oil-spill settlement that the company said could have cost it billions of dollars in improper payouts.

BP said the program’s administrator, Patrick Juneau, was approving millions of dollars in “fictitious” payments to businesses for economic losses based on what BP called a flawed interpretation of the agreement reached with spill victims’ lawyers in 2012.


No Surprises: BP Tries to Back Out of Their Responsibilities in the Gulf

August 13, 2013, 2:37 pm

Originally posted by Brian Young - Huffington Post - August 12, 2013

Shortly after an explosion on British Petroleum's Deepwater Horizon oil rig killed 11 people and spilled an estimated 210 million gallons of oil off the coast of Louisiana, the company sprung into action to protect what matters -- its public image. BP spent more than $93 million on newspaper and TV ads in the weeks immediately following the disaster, and they've since spent hundreds of millions of dollars on several rounds of media campaigns to convince the public that they care. When all is said and done, BP will likely be on the hook for tens of billions of costs related to the spill. So why the PR campaign? Their actions behind the scenes give us a hint.



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Brent Coon discussing Oil Spill Settlement

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