BP attempts to renegotiate pre-arranged business loss claims

Court-embattled BP is beginning to question the way in which the independent claims administrator is interpreting various business damage settlement claims over the 2010 oil spill in the Gulf of Mexico.

According to court administrator Patrick Juneau, BP has notified plaintiffs’ lawyers via email that they are putting business economic loss claims in the categories of agriculture, construction, and professional services on hold.

In April 2012, BP agreed to pay a settlement cost of $7.8 billion to a group of individual parties as compensation for the damages caused by the oil spill. However, cost estimates to cover these damages have recently ballooned to $8.5 billion, prompting this stay on the claims by BP.

U.S. District Judge Carl Babier approved the original claim last December and upheld the new cost estimates last month, saying that the claim is calculated based on a formula that disregards whether the losses were from the spill or were not directly caused by the accident.

Unfortunately, many people with legitimate claims related to the BP oil spill are not being adequately compensated for their losses. Whether you need help with an appeal or an initial claim, our lawyers at Williams Hart can help. Call 800-821-1544 today to find out what we can do to help you through this process.

 

Study shows 79% of oil from spill could remain

A group of scientists have done a study on the BP oil spill and have found that an estimated 70 percent of oil from the spill could remain in the Gulf of Mexico despite the government’s much lower estimate of how much oil is left.

The scientists believe that nearly three-quarters of the oil spilled is still under the surface of the water. One of the leaders in the investigation, a marine science professor at the University of Georgia, has said that the oil may take years to completely degrade and that the impact from the oil spill cannot yet be understood.

Earlier this month, federal scientists announced that three-quarters of the total amount spilled had already dissolved leaving only a a quarter of the oil left in the water. While both groups of researchers are remaining optimistic that the oil will eventually be gone, the reports show a much different amount of oil left.

The oil spill had disrupted the lives of many people, if you have been affected bu this, you need experienced representation on your side. Contact the Gulf of Mexico oil spill independent claims lawyers of Williams Hart by calling 800-821-1544.





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