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BP Settlement: Insider says BP about to pay 30 Billion to settle BP Claims
BP Settlement Claims News: A BP insider reported to Reuters that BP may want to settle many its BP claims after the February trial date. The trial would solidify who was at fault for the Macondo well blow out. A recent report that was finished this week, put the blame squarely on BP`s shoulders. Halliburton and Transocean did share some of the responsibility, but due to the lack of oversight, cutting corners, and not releasing all the information to it`s partners, BP was ultimately responsible for the Gulf Disaster. report
My sources that are very involved with the litigation and the BP Claims process think that BP will make a large push to settle out as many claims as possible, before the February trial date. We are seeing BP Claims get paid at a record rate. By both Adjusters and Attorneys.
Your Claims value may have jumped exponentially
For Example: A Claim that was 7k may be worth 25k, this is because certain thresholds in the mass settlement will have to be reached. BP Claims that were 100k could conceivably go up to 300k or more. The exact formula has not yet been revealed, but sources close to the litigation, including an Attorney that we have been forwarding many of your claims to, has already uploaded all of their cases to the GCCF. Why is this happening, Punitive Damages, people and businesses that were directly affected by the Oil Spill are able to receive extra money for their losses, and this scares the heck out of BP. Hence BP is getting ready to settle now.
Why will BP try to settle its BP Claims before the February trial date.
There are multiple answers to this question.
1. The BP Claims process is about to be audited by Eric Holder at the urging of Jim Hood. In my opinion this will uncover what many of us already know. The GCCF under Feinberg was slow to pay and it preyed upon desperate people by not coming through with BP Claims interim payments in a timely manner, instead denying valid BP Claims, or giving already desperate people and Business`s Quick Pays.
In my opinion Quick Pays, having BP Claims Under review, denying valid BP Claims, where tactics that have been used as extortion to those hoping to get paid in a timely manner. I further think that though there are a lot of good people that work at the GCCF, that the top brass at the GCCF wanted to slow things down, and in fact did so. This will be revealed by the Audit, that is forthcoming and BP and the GCCF will be held accountable. Hence it pays for them to settle now before the full picture develops.
2. BP will want jurors to believe that they have indeed tried to make things right in the Gulf before the February trial date. A massive payout to claimants before the trial starts will boost the GCCF statistics and good will. The GCCF loves to point out positive statistics, the fact still remains that most of those that have been paid out have been paid out under the Quick Pay system.
3. BP needs some positive PR. The longer the events from the OIl Spill drags out, the more BP`s reputation and business practices get tarnished. If they decide to drag this out as more news comes to light surrounding how the oil spill was caused, and how people that people that were affected were largely ignored, by BP and the GCCF, it is my opinion that this could spur multiple lawsuits, mind you I am not a lawyer.
4. Mitigation, Mitigation, Mitigation, there is no good news lately for BP and they need to cut their losses, the best way for them to do so is to make some realistic offers and to get people to accept final settlements so people don`t go and sue them down the road. BP Claims punitive damages for those directly affected by the oil spill are now applicable. The forthcoming news for BP and the BP claims process is not going to be any good for BP and Gulf Coast Claims Facility.
Getting Help With your BP Claims
We have been covering the Oil Spill since it began in April, our first site was dedicated to getting people to Catholic Charities, that morphed into helping cleanup workers that were getting sick, which eventually evolved into helping people through the BP Claims process. In order to help people and business get through the BP Claims process we developed the BP Claims Dream Team. They are the best Law firms and BP Claims Adjuster firms in the country. They cover a myriad of oil spill related instances from sick and injured clean up workers to Business that had 8 figure losses. We are dedicated to you getting the help you deserve. BP Claims and Case management is done on a contingency basis, by all members of the BP Claims Dream Team. They don`t get paid until you do, and management of your case or claim starts at 15%. The Team members are getting BP Claims paid at a record pace, I expect this to go on for the next few months, but if you want to take advantage of this current trend, it is a good time to get your BP Claims paid. Please fill out the information to the right and we will begin the process.
1-800-BP-Claim your number for BP Claims
We are very thankful that a noted member of the community realized what we are up to and helped us secure the number 1-800-BP-Claim so that we could better serve you..Thanks Tony..
We will help you with your BP Claims.
Article Source: BP Claims.org
Article: BP Claims may settle out for 30 Billion Quickly
Author: BP Claims