BP HESI Settlement
1 800 BP CLAIM (1 800 272 5246)
The HESI settlement is the final settlement for the BP oil spill in 2010. This settlement is for fisherman, and for individuals that worked on the water, as well as banks, insurance companies, and all other industries excluded from the BP Deep Horizon and other BP settlements. Please read the following information explaining the HESI settlement.
Lawyers fees capped at 25% like DHECC claims
They are using a Neutrals Model – the Allocation Neutral in this instance is Magistrate Judge Joseph C. Wilkinson Jr.The judge said he doesn’t expect many claim forms as the vast majority of Claimants had to have been awarded damages under DHECC to be eligible for punitive damages under HESI/TO.
If they didn’t file and get some kind of award under DHECC, they are not eligible to file a claim under this settlement unless they were one of the excluded categories under DHECC (e.g., insurance, real estate development, gaming, banks, defense, gas and oil but ONLY if they have oiled property or are a commercial fisherman) or they properly exercised their rights to Opt Out. Also, the Court record showed that each “frivolous” claim filed (by ineligible Claimants) does nothing but drive up administrative costs and reduces the overall pool of funds for the eligible claimants. This was highly discouraged in both documents.
One additional fisherman has also been added to this class that were not previously allowed in DHECC –
2 classes – New – $902M (punitive damages under Maritime Law for oiled real or personal property and the following categories of claims from the DHECC settlement- Coastal Real Prop, Wetlands Real Prop, Vessel Physical Damage, Seafood Comp (all types), Subsistence, Charterboat Operator BEL, Charterboat Crew IEL ) and Old – (other DHECC claims for specified BEL claims ONLY)
!!!Deadline for claims is Dec 15, 2016!!!
HESI claims will not be touched until after DHECC is closed out – no advance or interim payments are allowed
If denied under DHECC – will not be included in HESI
If early pay out and signed release and covenant not to sue – will not be included in HESI
If Opt Out and signed signed a release and covenant not to sue (Quick Pay) – they will not be included in HESI
No bodily injury or BP shareholder claims are allowed in HESI
They will not issue Notices for Incompleteness – whats in the DHECC file now is all that will be included
They will issue a determination letter (not an Eligibility Notice) and then straight to appeal if Claimant rejects offer
No claimant will receive more than $150K