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

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 Kherkher who have proven success in getting clients the insurance coverage and money they need. Call 800-821-1544 today to discuss your needs.

Ruling in BP Plea Deal Fast Approaching

U.S. District Judge Sarah Vance is expected to issue a ruling on BP’s plea deal just before the end of this month — January 29. With this deadline fast approaching, some of the family members of those killed in the Deepwater Horizon explosion have contacted to Vance to share their feelings about the plea deal and to make any last minute requests for additional or alternate penalties in the decision.

According to the existing deal, BP would submit a guilty plea to charges of lying to congress about the amount of oil spilled in the 2010 disaster, and plead guilty to criminal charges related to the 11 deaths that resulted from the rig explosion. For this guilty plea, the case would be settled for a record-breaking $1.3 billion in fines, which is in addition to the $24.2 billion that BP has already paid up to this point. If Vance rejects these penalties, BP could reject the deal altogether.

Unfortunately, even with the incredible amount of money that has already been poured into clean up and restoration efforts, many are still feeling the financial effects of this disaster. If you are having trouble securing the financial assistance you need under the CSSP, do not hesitate to take action. Contact the legal team at Williams Kherkher today by calling 800-821-1544.

Oil sheen reported off of Gulf coast

The Coast Guard has reported an “oil sheen” off of the coast of Louisiana.

It was originally found by satellite images in the middle of September. The Coast Guard retrieved samples of the water for testing. Luckily, the samples taken show no indication of further damage to marine ecosystems.

The sheen is located very close to the site of the Deepwater Horizon explosion that dumped over 200 million gallons of oil into the sea.

The oil spill did vast amounts of economic and environmental damage to the Gulf region. If you were negatively impacted by the 2010 Gulf oil spill, contact an oil spill attorney of Williams Kherkher at 800-821-1544 to learn more about your legal options.

Oil spill may have long-term effects on migratory shorebird populations

Many of the 2010 BP oil spill’s long-term consequences have so far remained relatively unknown, but as time marches forward, the environmental effects of the largest oil spill in history are becoming increasingly apparent.

A recent study by researchers from Louisiana’s Tulane University, examined the oil spill’s effects on migratory shorebirds along the 650 miles of the Gulf coast where oil from the spill washed ashore. It is difficult for researchers to measure the exact impact the oil spill had on these birds because solid population figures did not exist until after the spill. However, they believe that more than one million birds from 28 species were potentially exposed to oil.

These birds migrate to the Gulf region from as far away as the Arctic and South America. The oil’s effect on their health may delay their migration patterns, which could effect food chains in those regions.

It is not easy to assess the damage the Gulf of Mexico oil spill has had on wildlife and families who live along the coast. If you have been effected by the oil spill, contact the oil spill attorneys of Williams Kherkher at 800-821-1544 to learn more about your legal options.

Oil dispersant used in spill cleanup has toxic consequences

The dispersant chemicals used to clean up the 2010 Deepwater Horizon oil spill may have done just as much harm to the ocean as they did good. The Government Accountability Office recently reported that scientists have significant gaps in their understanding of how these chemicals affect marine life, and will likely not know for years to come.

The main chemical BP used to disperse the oil was called Corexit, a mixture of 57 chemicals made by an Illinois company named Nalco. Companies are not allowed to use Corexit to clean oil spills in the waters of Canada and the United Kingdom. It was chosen for BP’s spill because Nalco was the only company who could provide the necessary amount of dispersant quickly enough.

The BP oil spill was the first time a chemical dispersant was pumped down to such great depths. When Corexit reacts with oil, it creates a substance that is more toxic than either chemical individually, potentially contaminating the water deep in the ocean, where currents could carry it just about anywhere in the world.

The true extent of the consequences of the Gulf oil spill and the immediate responses to it are perhaps more far-reaching than anyone could have previously imagined. If the oil spill has had an effect on your business, livelihood, or health, contact the oil spill attorneys of Williams Kherkher at 800-821-1544.

Proposed plan given for $7.8 billion BP Gulf oil spill

Officials with BP along with attorneys representing plaintiffs in the case have proposed a plan to discuss the terms of the $7.8 billion Deepwater Horizon rig explosion that caused an oil spill in the Gulf of Mexico.

This plan will resolve the billions of dollars in order to pay out the private party claims that includes more than 100,000 individuals and businesses.

This plan does not resolve the lawsuits that were brought against BP from Gulf states or the federal government. A conference has been set up from May 3 in order to discuss the claims that have not been covered by this plan.

If you or a loved one was denied a claim in the Gulf Oil spill, you need representation on your side during this time that may be able to help you receive the compensation you deserve. Contact the Gulf oil spill lawyers of Williams Kherkher today by calling 800-821-1544.

Tar balls still an issue of Deepwater Horizon oil spill

After the Deepwater Horizon oil spill in 2010, officials have stated that balls of tar continue to wash up on the shore, especially after recent storms. Scientists have stated that this could be an issue, because they may contain deadly bacteria.

Researchers from Auburn University stated that tar balls found months after the spill contained high levels of Vibrio vulnificus. This type of bacteria is the leading cause fatal seafood-borne illness.

This type of illness has a fatality rate of anywhere from 20 to 30 percent of people who contract it. Officials have stated that people who live in the Gulf coast area should avoid these tar balls, especially if they have open wounds or weak immune systems. These tar balls are what is still left from the nearly 4.9 billion gallons of oil that spilled into the ocean as a result of the sinking of the oil rig.

If you or a loved one has suffered financially from the Gulf Oil spill and you have not been compensated fro your losses, contact the Gulf Oil spill lawyers of Williams Kherkher today by calling 800-821-1544 today.

New claims administer for Gulf oil spill sends over 1,000 claims out

The new Gulf oil spill claims administrator has sent out the first payments after switch from Kenneth Feinberg’s operation. Patrick Juneau, the new administrator under the new legal settlement, has stated that the first claims were sent between March 8 to March 21.

It has been stated that nearly 1,096 claims were sent out and they totaled tonearly $27 million. Over half of the claimants were decided under Fienberg’s control, but the terms were not accepted before the end of February.

These claimants have already received 60 percent of what Feinberg said that they would receive, but under the new legal terms, they will not have to sign anything that will permit them from suing BP or any other parties considered responsible for the oil spill.

If you or a loved one suffered financially after the Gulf of Mexico oil spill, you need experienced representation on your side. Contact the Gulf oil spill denied claims lawyers of Williams Kherkher by calling 800-821-1544 today.

Terms of BP litigation to be filed in New Orleans

A terms of a large Gulf oil spill lawsuit will be filed in a New Orleans U.S. district court will be filed by April 16, according to a district judge. The judge also stated that a conference with lawyers will be set up for May 3 in order to go over the remaining aspect in the case.

The conference is meant to discuss the last few issues before the actual trial can begin. This trial is against BP and the other parties that have been said to be responsible for the sinking of the Deepwater Horizon drill, which caused the Macondo well to rupture and spill oil into the Gulf.

The lawsuit was brought upon from local, state and federal governments after nearly 4.9 million barrels of oil spilled into the Gulf of Mexico.

Claims payments made from the Kenneth Feinberg Gulf Coast Claims Facility will now continue into the Court Supervised Oil Spill Settlement Process.

If you or a loved one has had an oil spill claim denied, you need representation on your side that may be able to help you received the compensation that you deserve for your losses. Contact the Gulf Oil spill denied claims lawyers of Williams Kherkher by calling 800-821-1544 today.

New system used in Gulf Oil Spill health claims

Claims that state that the Gulf Oil spill caused health issues now have a new monitoring system in order to compensate those who have suffered illnesses directly from the spill.

Doctors at universities and with the government are currently researching whether or not their are illnesses directly related to the oil spill.

Residents in the Gulf Coast area that were affected by the spill have stated that they are pleased that there claims are getting looked into. Illnesses that have been reported from the spill include rashes and shortness of breath.

A settlement that was released earlier this month states that BP is expected to pay $7.8 billion for claims including loss of business, lost wages and property damage.

If you or a loved one has had an oil spill claim denied, you need representation on your side at this time. Contact the Gulf Oil spill claims lawyers of Williams Kherkher by calling 800-821-1544  today.





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