As of now, April 22, 2014 will mark an end to what is quite possibly the most significant monetary settlement in United States history. Almost any business in Alabama, Louisiana, Mississippi, the Florida Panhandle, the Western-most counties of Florida to Key West, and the Eastern-most counties of Texas could have a claim in the settlement. To date, lawyers in our firm have filed hundreds of business claims, and our experience in the system suggests these claims will be substantial. However, the claims take time to prepare for filing. With the surge in BP appeals and the claim facility’s meticulous review process, claims need to be carefully constructed to withstand close scrutiny by the claim facility. If the claim concerns a business with more than $100,000 of annual revenues, our experience suggests BP will likely appeal the claim. Many times, these appeals are filed regardless of whether there are any issues with the claim. The appeals are quite complex, involving legal briefs full of settlement interpretation arguments.
Many ask our lawyers whether the Settlement Program is still paying claims. In the last two months, the lawyers in our firm have obtained substantial recoveries for the businesses. Some of these recoveries are six and seven figure recoveries. A large number of businesses located north of the coast are covered by the settlement and are being paid. If you have any questions about the settlement or about a business claim, contact Sandra Walters, the Section Head Administrator in the Toxic Torts Section, at 800-898-2034 or by email at Sandra.Walters@beasleyallen.com. She will have a lawyer contact you.
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