The New York Times has a report (see: "BP Settlement in Gulf Oil Spill Is Raised damages claims, for which BP has agreed to pay $4.9 billion to the five gulf states Lafitte suffered in the 2010 Gulf of Mexico oil disaster," the paper reported. 27 Jun 2013 How BP Got Screwed on Gulf Oil Spill Claims BP established to compensate business losses from the 2010 oil spill in the Gulf of Mexico. The Gulf Coast Claims Facility (GCCF) is the official way for Individuals and Businesses to file claims for costs and damages caused by the oil spill resulting from the Deepwater Horizon Incident of April 20, 2010. The GCCF is administered by Kenneth R. Feinberg. U.S. Coast Guard National Pollution Fund Center (NPFC) Claims. The NPFC administers the Oil Spill Liability Trust Fund, which is governed by the Oil Pollution Act of 1990. Before filing a claim with NPFC, individuals, businesses, and local governments must first file a claim with BP as a Responsible Party. The Deepwater Horizon Oil Spill Trust is the $20 billion trust fund established by BP to settle claims arising from the Deepwater Horizon oil spill. The fund was established to be used for natural resource damages, state and local response costs and individual compensation. It was established as Gulf Coast Claims Facility, announced on 16 June 2010 after meeting of BP executives with U.S. President Barack Obama. In June 2012, the settlement of claims through the GCCF was replaced by the court su The Gulf Coast oil spill resulted in thousands of BP spill claims being filed by people whose businesses were damaged or lost as a result of the spill. Hotel owners, fishermen, shrimpers and other people who relied on the Gulf Coast waters experienced substantial financial losses and therefore filed for recovery of damages. BP set up its own private claims program unilaterally in 2010. Known as the Gulf Coast Claims Facility offsite link, it paid an additional $6.2 billion to more than 220,000 individual and business claimants. In June, 2016 BP announced offsite link that it had come up with its final estimate of the cost for the oil spill: $61.6 billion. This included its own estimate of both the remaining business economic loss claims and the claims of businesses that opted out of the private settlement
2 Jul 2019 A workboat uses a containment boom to collect oil floating in the Gulf of Mexico off the coast of Grand Isle on June 2, 2010. TED JACKSON/file.
4 Jackie Calmes & Helene Cooper, BP to Set Aside $20 Billion To Help Oil Spill Victims,. N.Y. TIMES, June 17, 2010, at A1. 5 Id. 6 GULF COAST CLAIMS 19 Apr 2019 Gulf Coast ecosystems still have not fully recovered. A brown pelican drenched in oil by the Deepwater Horizon spill in 2010.Charlie Riedel/ 6 Oct 2015 British energy giant BP will pay a record $20.8 billion to settle civil claims for damages stemming from the deadly 2010 Gulf of Mexico oil spill, Article Title. The Deepwater Horizon Oil Spill Trust and the Gulf Coast Claims Facility: The “Superfund” Myth and the Law of Unintended Consequences Treating the worst oil spill in U.S. history as an ordinary and necessary such claims to be limited to economic losses that “resulted from” the spill itself, not from to the oil spill, and thereby exacerbated the pollution of the Gulf of Mexico and
6 Oct 2015 British energy giant BP will pay a record $20.8 billion to settle civil claims for damages stemming from the deadly 2010 Gulf of Mexico oil spill,
BP Oil Spill Guidepost Solutions was retained to conduct claim fraud investigations in the aftermath of the BP Gulf Coast oil spill. For two years, we directed investigations on nearly 18,000 compensation claims that spanned the entire Gulf Coast, including Texas.
BP to sell $7.06 billion in Argentina assets to help cover gulf oil spill costs 22); Kenneth Feinberg's plan to settle oil-spill claims met with opposition(Nov.
Two months after the April 2010 spill, BP created what was known as the Gulf Coast Claims Facility to head off lawsuits. In exchange for a waiver of liability, the fund made quick cash payouts. You've met dozens of oil spill victims through our reporting since April. Now, many of them have pursued damage claims, first from BP and then through the Ken Feinberg-led Gulf Coast Claims
Two months after the April 2010 spill, BP created what was known as the Gulf Coast Claims Facility to head off lawsuits. In exchange for a waiver of liability, the fund made quick cash payouts. But
In the BP Oil Spill, more than 200 million gallons of crude oil was pumped into The Gulf Coast Claims Facility and the Deepwater Horizon Litigation: Judicial 15 Jan 2017 BP's first compensation mechanism, the Gulf Coast Claims Facility, paid more than 220,000 claimants, and by the end of last year a further 20 Apr 2017 Deepwater Horizon oil spill settlements: Where the money went On April 20, 2010, the Deepwater Horizon oil rig exploded off the Gulf Coast, killing 11 The settlement ended all civil and criminal penalty claims against the
BP paid $6.67 billion through the Gulf Coast Claims Facility (GCCF) and has made significant BP, government agencies and others worked together to control the spill and 2,500 miles (13.5 million feet) of boom to contain or absorb the oil. Kenneth Feinberg testified on the implementation of the BP Oil Spill Compensation Fund. 4 Apr 2016 years of litigation over the 2010 BP oil spill in the Gulf of Mexico. to cover environmental damage and other claims by the five Gulf states 3 Jun 2016 Massive Oil Slick Threatens U.S. Gulf Coast The rig explosion on spill in the Gulf of Mexico. BP said the claims will be paid during 2016-2017. Lawyers Helping Victims of the 2010 Gulf Coast Oil Disaster Many individuals and businesses filed claims in a class action lawsuit against BP for the oil spill. 2 Jul 2015 five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. 2 Jul 2015 Settlement of all federal and state claims brings total costs to nearly $54 billion offshore oil rig in April 2010 before it collapsed and sank into the Gulf of Mexico. and state claims arising from the 2010 Deepwater Horizon oil spill, BP Faces Up to $13.7 Billion in Fines in Deepwater Gulf Spill Case (Jan.