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BP Deepwater Horizon Oil Spill Settlement
Gulf Coast Attorney - Alabama, Mississippi, Louisiana, Florida, Texas
Long & Waite has been assisting clients in filing claims since shortly after the BP Deepwater Horizon Oil Rig exploded in the Gulf of Mexico on April 20, 2010. The process of filing claims has changed significantly since Ken Feinberg's Gulf Coast Claims Facility (GCCF) was replaced by a new Settlement Agreement on June 4, 2012.
The New Settlement Agreement is 1,022 pages long and contains key changes to the claims process. Perhaps most significantly, a claimant no longer must prove that losses were a direct result of the oil spill.
Claimants must be located in Alabama, Mississippi, Louisiana, gulf coast of Florida and parts of Texas. For a loss of income claim, all you need to do is show a decline in revenue for any consecutive three-month post-spill 2010 period compared to the same three months in a prior "benchmark" year - 2007, 2008 or 2009. Next, you must demonstrate an increase in income for 2011 over 2010.
Besides loss of income claims for established businesses, there are provisions for startups, failed businesses, loss-of-use and enjoyment of personal property, personal property damage, medical payments and even certain sales of property that occurred post-spill 2010.
This page contains some background information on the current BP oil spill settlement, but to find out if you are eligible and sign up for compensation, please call (877) 336-0776 or email Long & Waite, P.C. for a consultation.
What the BP Oil Spill Settlement Covers
Many people were adversely affected by the 2010 Deepwater Horizon incident, in many different ways. The settlement that which has received preliminary approval from the US District Court is intended to cover commercial losses to businesses and individuals as well as provide for medical monitoring in the affected area. More than 100,000 people are already parties to the settlement, which is estimated to cost BP about $7.8 billion but does not have a cap.
This settlement is separate from the previously administered GCCF program. People who were turned down for previous claims by the GCCF program may qualify for compensation under the new settlement agreement.
How Our BP Oil Spill Lawyers Can Help
If you are an owner of a business and suffered economic loss as a result of the Deepwater Horizon oil spill, and have a physical address in these states:
- Gulf Coast of Florida
We can help you sign up for the compensation you are due.
Time to join the BP oil spill settlement is limited. Please contact Long & Waite, PC, local Alabama lawyers today to find out if you are eligible.