BP talking with hedge funds about financial aid regarding oil spill claims

Posted on April 25th, 2013 No Comments

Legal-Bay, BP’s settlement funding firm for Gulf of Mexico oil spill claims, has been in contact with foreign hedge fund investors and other financial institutions to raise more capital that will be used to pay out oil spill plaintiffs with larger claims.

The funding firm announced earlier that they had already amassed $10 million for settlement claims and said that they are looking into securing a total of $7 billion.

Chris Janish, Legal-Bay’s chief executive, said that even though the firm had already secured the finances for small claims, they needed assurance that the bigger claims would be satisfied, so they sought hedge fund investors throughout London, Ireland, Spain, Brazil, as well as other countries in South America for “large BP settlement funding in excess of US $1 million.”

Unfortunately, many people and other parties suffered numerous losses as a result of the BP oil spill. In order to feel more secure that you are getting the financial assistance you deserve after this disaster, work with the attorneys from Williams Hart who have proven success in getting clients the insurance coverage and money they need. Call 800-821-1544 today to discuss your needs.

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