Source: Pensacola News Journal / Triumph Gulf Coast, Inc. has yet to receive a dime of the $1.5 billion, but a standing room only crowd of about 100 filled the Sandestin Golf and Beach Resort Bayside Ballroom on Monday morning for its inaugural meeting. The nonprofit corporation is overseeing 75 percent of all funds recovered […]
Federal District Judge Carl Barbier on Monday approved BP’s $1 billion settlement with cities, counties and school districts and ordered that all payments be made within 30 days. Sun Herald (MS) / “It’s Christmas in July,” said Alan Dedeaux, superintendent of Hancock County School District, which will receive $500,000. The district hasn’t yet decided how […]
Five years ago today a massive explosion occurred on the Deepwater Horizon platform fifty miles off the coast in the Gulf of Mexico, sending flames shooting into the air, taking the lives of eleven men, and ultimately dumping 4 million barrels of oil into the Gulf. The days and weeks after the spill consisted of […]
Source: NBC News / Nearly five years after the Deepwater Horizon oil spill in the Gulf of Mexico, a new report says that creatures like dolphins, sea turtles and fish still haven’t fully recovered. Bottle-nose dolphins were found dead on the Louisiana coast in 2014 at four times historic rates, according to “Five Years and […]
The BP Settlement Program is moving at an increasing pace now that all legal obstacles have been removed and the Claims Administrator has a job to complete. But, the deadline to file a claim is June 8, 2015, so there is only limited time for businesses to be evaluated before it’s too late. To date, […]
Eligible Businesses Should Be Evaluated Before the Deadline Passes The BP Deepwater Horizon Settlement Program is working steadily to pay all valid claims. After the U.S. Supreme Court denied BP’s appeal questioning the validity of the Settlement Program in December, the Claims Center has been steadily pushing forward. The ruling also triggered the claim deadline, […]
With no other legal options, BP has no choice but to live up to its promises and compensate financial victims with proven losses in the Gulf Coast region.
Last week, results of a third-party audit of the oil spill settlement program were released which showed the settlement program has correctly processed 99.5 percent of claims. According to the Times-Picayune, the audit concluded the program is “well-designed and appropriate” and made no major recommendations for improvement. In its attempts to degrade the Program and those who take […]
The claim submission window for the BP Settlement Program remains open, and, while there is still time, businesses – especially publicly traded ones – should take a moment to consider their responsibility to its employees and shareholders when deciding whether or not to file a BP economic loss claim. Ruth’s Chris, a publicly traded company, […]
Yet, even with an objective, transparent, Court-run Settlement Program in place and specifically designed to return funds to valid claimants, businesses aren’t filing. The question remains, why?