Late last week, attorneys for BP asked an appeals court to overturn the settlement regarding private claims related to the 2010 Gulf of Mexico oil spill if the judges don’t address a lower court’s ruling on the manner in which large business claims are being paid. On Tuesday, plaintiffs’ attorneys who brokered the settlement with BP lawyers asked a federal appeals court to uphold the deal.
Amid the courtroom battles over the settlement—to which BP agreed last year—the Mobile, Alabama, oil spill attorneys at Long & Long continue to help business owners and property owners who are eligible for compensation file their claims. If you lost business income or suffered diminution of property value following the 2010 Gulf oil spill, please call us at 251-432-2277 for your free consultation with one of our knowledgeable lawyers.
A different panel with the 5th U.S. Circuit Court of Appeals previously heard BP’s appeal in July, but it has not yet issued a ruling. BP’s new court motion last week repeated allegations that the court-appointed claims administrator is misinterpreting the settlement terms, resulting in increased settlement payouts overall and some payouts that the oil giant claims are overstated or fictitious.
Reuters recently posted a thoughtful blog by Alison Frankel regarding BP’s efforts entitled “BP plays Twister in latest Deepwater Horizon appellate brief.”
BP initially estimated the claims settlement would cost the company about $7.8 billion; BP’s latest projections, filed with the Securities and Exchange Commission in July, have increased that figure to $9.6 billion. BP’s previous appeals on the matter have been overruled.
In the meantime, the valid claims continue to be processed and paid. The oil spill lawyers at Long & Long are currently assisting business and property owners from Alabama, Mississippi, Florida and Louisiana with claims related to:
- Loss of business revenue
- Diminution of property value or loss of property use
- Lack of payment or underpayment for participation in BP’s Vessels of Opportunity (VOO) program
If you suffered loss of business income or diminution of property value in the wake of the BP Gulf of Mexico oil spill, please contact Long & Long today for your free consultation. Our attorneys welcome clients from Alabama, Florida, Mississippi and Louisiana.