Tag Archives: bp punitive damages
BP Claims Members have Record Week
We saw more BP Claims paid this week then in any other in the History of the BP Claims Process, why is this, because the entities that make up the BP Claims Team know what they are doing. Many Team members use to work for BP or the Gulf Coast Claims Facility. They have an understanding of how the GCCF works from the inside. They understand the methodology, know how it should be applied, and how to properly trend the calculations so your true losses are reflected. Our Oil Spill Attorneys that represent many people and businesses in the seafood industry, and other clients that may have causation issues also had a record week. We also saw a dramatic rise in BP Business Claims come in.
Judge Barbier made some key Rulings that affect BP Claims
The most significant ruling was regarding punitive damages, and granting those directly affected by the BP Oil Spill the ability to sue for punitive damages. He mentioned Fishermen and Landowners who had oil on their property, as examples of those directly affected by the BP Oil Spill. Punitive damages go beyond just the economic loss that one would encounter, but are meant to punish the offender so it does not happen again. This means that more people may opt to find an attorney and not take their final claims settlement as they may wish to sue BP later. A recent report concluded that BP, as the well’s owner, was ultimately responsible for the accident. But it also said that BP’s chief contractors, Transocean, which owned the mobile drilling rig, and Halliburton, which was responsible for the cementing operations, shared the blame for many of the fatal mistakes. read article
BP and Halliburton: The Oil Spill Blame game
According to Halliburton, BP should have known about an additional hydrocarbon zone that they allege BP failed to disclose. Haliburton goes on to state “The motive behind BP’s intentional nondisclosure of the upper hydrocarbon zone is apparent — profit and greed,” “changes that likely would have required a redesign of the production casing,” “Such changes would have cost BP millions of dollars on a well that was already painfully over budget and behind schedule.” In speaking with many of the Attorneys on our Team this fits with BP` corporate culture about putting profit before safety and environmental concerns. This could help prove extreme negligence on BP`s part.
BP Claims: Many still waiting
From the calls we have seen coming over our 1-800-BP-Claim number, it is apparent that many of you are still waiting to hear from the GCCF regarding your BP Claims status. Over 400,000 BP Claims have been denied. Many of them because of a lack of documentation, or because of trending calculations that were improperly calculated. If you are tired of the deficiency letters, or seeing your claim is under review, we can help you.
BP Oil Spill Update
Tropical Storm Lee whipped up the Gulf Coast this week throughout the Gulf Coast region, tarballs were spotted on Orange Beach, but there wasn`t any major incidence of submerged oil mats coming ashore except on Fourchon Beach. They are out there, som`s as they are being referred to. There have been reports that the Macondo well is leaking again, that was inspected by BP and the Coast Guard in ROV`s, but no evidence was found that the sheen, seen clearly from the air around the well was coming from the well, more on that as the story unfolds. Some of the Fishermen I have been talking to have reported several dead zones. There are still a lot of ecological concerns that remain unknown, only time will tell.
BP Claims Team
As the GCCF strategies become more apparent, our BP Claims Team members strategies are evolving as well. We have groups that specialize in Denied BP Claims, as well as Claims that have been filed, but are be held up at the GCCF. They have a track record of getting clients paid quickly, often within 45 days. We have BP Claims Team members who take on BP Claims that may be difficult to prove because of legal or causation issues, and other BP Claims Team members who are looking forward to litigate against BP, and want clients that are in it for the long haul. Since there are different strategies being employed by different Team members, it is important to be clear in letting us know how you want us to proceed. So please be specific about your needs, if we have any questions we will call you. Often we will forward your information to more the one Team Member so they can explain their game plan for your BP Claims, BP Claims Team members charge from 15% up to 33 1/3% if you need the help of an Attorney to handle your BP Claims.
BP Claims Process and Punitive Damages
Judge Barbier ruled that under Maritime Law, business`s and individuals that were affected by the BP Oil Spill could sue BP for punitive damages. This is a major blow to BP. Punitive damages go beyond just the economic loss incurred. They are intended to punish the offender, so it doesn`t happen again. Extreme negligence will have to be proven on BP`s part. Article
How will this affect the BP Claims Process
As of now punitive damages aren`t compensated for in the Oil Spill Claims process. What is taken into consideration is Interim Claims. It has always been my position that it is best just to file BP Claims for Interim Payments, unless you really need the money, and I know many people do. Interim BP Claims allow you to sue BP at a later date, and if it looks like punitive damages are going to be awarded, you may want to reserve your right to sue BP, therefore you may not want to take a final settlement for your BP Claims.
Interim Settlements being offered for BP Claims
What we are seeing from people that have come through our site, is that many of them are receiving BP Claims Interim offers. Members of the BP Claims Team are having a very high level of success getting your claims paid. The Interim Claims are being accompanied by a Final Settlement offer, don`t take the offer if you don`t have to, as you give up the right to sue BP. The BP Claims process is evolving once again. We will Continue to keep you informed so you can make the best decision regarding your BP Claims.
BP Claims Dream Team: How it Works and How Much
All members of the BP Claims Dream Team work on a contingency basis, they don`t get paid until you do. They are all at the apex in their respective fields. They are highly respected by the Gulf Coast Claims Facility. Each member of our Team is it`s own separate entity. It is the goal of BPClaims.org to place you with the member of the Team that best suits your needs. We have helped over 10,000 Individuals and Business`s get the help they deserve. Over 150,000 people have gone to our website since it started in May of 2010. Members of our Team charge from 15% on up to 33.3% if you need the help of an Attorney. All fees are done on a contingency basis. When you fill out the form to the right, your information is forwarded to the member that best suits your needs on our BP Claims Team.