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BP Trying to Save Money Via Federal Appeals Court

By: Jeff Lieser Posted on: Sunday, January 19th, 2014

Last year, BP filed an appeal over concerns regarding claimants using cash versus accrual accounting.  We blogged about it here.   BP was concerned about scenarios in which a contractor, for example, could buy $100,000 worth of materials in June for a project that was set to begin in November; if

What BP Is Appealing And Why

By: Jeff Lieser Posted on: Thursday, August 1st, 2013

Introduction As you likely know, under the terms of the Settlement Agreement, Gulf Coast and Florida Keys businesses may have a compensable BP oil spill claim if they suffered losses during certain periods in 2010 when compared to prior years. More than one-third of all the claims filed are fr

BP Oil Spill Frequently Asked Questions From Clients

By: Jeff Lieser Posted on: Wednesday, March 13th, 2013

What is the Deepwater Horizon BP Oil Spill Settlement? A settlement program set up to compensate businesses and individuals for economic losses caused by the April 20, 2010, explosion on the Deepwater Horizon oil rig and the resulting oil spill in the Gulf of Mexico. BP has agreed to pay all claims

BP Claims Chief: “When in Doubt File a Claim”

By: Ghada Skaff Posted on: Saturday, January 26th, 2013

Patrick Juneau, the court appointed administrator of the class-action settlement between BP and class claimants in relation to the 2010 oil spill, appeared before the Florida Senate Agriculture Committee this week and testified that, so far, more than 34,000 Florida businesses and individuals have b

BP Oil Spill Claims Available to a Wide Range of Businesses

By: Jeff Lieser Posted on: Thursday, December 20th, 2012

INTRODUCTION The Deepwater Horizon oil rig explosion in the Gulf of Mexico on April 20, 2010, caused the largest offshore oil spill in U.S. history. The spill damaged marine and wildlife habitats and the Gulf's seafood and tourism industries. As a result, British Petroleum (BP) set aside $20 bill