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Many people aren’t aware of how far the eligible BP claims regions extend. In fact, any qualifying business in the specified zones within a Gulf Coast state may have a loss that falls within the settlement agreement criteria. BP owes compensation for economic losses suffered and for the livelihoods it has harmed. If you have a business of any size or worked in these states and areas, it’s up to you to make sure you have had your records fully reviewed.
Motley Rice co-founder Joe Rice was a lead negotiator for the Plaintiffs’ Steering Committee (PSC) for both settlements reached with BP, one of which is the largest civil class action settlement in U.S. history. He also served as one of the lead negotiators in the $1.028 billion settlement between the PSC and Halliburton Energy Services for its role in the disaster. Joe continues to hold an active role on the PSC negotiating team for In re Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico on April 20, 2010 (MDL 2179).
Additionally, Motley Rice attorneys John Baden and Fred Baker have been central to the BP settlement process, and Motley Rice attorney Kevin Dean, who served on the original Gulf Coast Claims Facility (GCCF) Jurisdiction & Court Oversight Workgroup, has been working with injured parties since April 2010.
Our attorneys remain in a leadership role in the BP litigation and are working to ensure that qualifying oil spill victims are fairly and efficiently paid for their losses. From our central role in negotiating both settlement agreements to our early and effective involvement in establishing the claims facilities, our BP oil spill attorneys have an intimate working knowledge of the claims process and continue to help affected people and businesses file claims.
If you have been hurt economically or had property damage as a result of the Deepwater Horizon oil spill and would like to consult with a lawyer regarding your rights, please contact Motley Rice lawyer John Baden or Kevin Dean by email or call 1.800.216.9170.
Frequently Asked Questions: Economic and Property Damages Settlement
The Economic and Property Damages Settlement compensates businesses and people that suffered economic loss and property damage from the oil spill, including for lost business profits, lost income, property sales loss and lost growth potential. Owners and long-term lessees of waterfront properties in eligible areas are also potentially eligible to receive compensation for loss of use and enjoyment of their properties.
Any business or person in any of the states affected by the oil spill should have their financials reviewed in order to determine whether they fit the criteria determined by the settlement agreement. Motley Rice attorneys and staff continue to review potential claims of businesses large and small.
In Dec. 2014, BP's Economic and Property Damages Settlement was finalized and will be accepting eligible claims until June 8, 2015. For help and additional information on filing through this settlement, click here.
This settlement also included a separate Seafood Compensation Program for specific seafood vessel owners, commercial fishermen and seafood crew. This program stopped accepting claims in January 2013.
Frequently Asked Questions: Medical Benefits Settlement
BP's Medical Benefits Settlement compensated people with specified acute or chronic illnesses generally associated with short-term exposure to the oil spill and/or dispersants used in the cleanup efforts.
BP's Medical Benefits Settlement became effective on Feb. 12, 2014, and ran until Feb. 12, 2015. We are no longer accepting Medical Benefits Settlement claims cases. More information about the settlement
June 8, 2015: The final deadline for filing a claim or additional claims under the Economic and Property Damages Settlement, except claims under the Seafood Compensation Program.
Feb. 12, 2015: The deadline for filing a claim under the Medical Benefits Settlement.
Jan. 22, 2013: The deadline for filing claims under the Seafood Compensation Program.
Economic and Property Damages Settlement Finalized
Dec. 8, 2014: The Settlement Agreement was finalized, setting the deadline for filing a claim as June 8, 2015, six months after the Settlement Agreement became final.
Dec. 21, 2012: Judge Carl Barbier granted final approval of the Economic and Property Damages Settlement.
Medical Benefits Settlement Finalized
Feb. 12, 2014: The Medical Benefits Class Action Settlement became effective following a final approval by Judge Barbier. The deadline for filing a claim under the Medical Benefits Settlement was Feb. 12, 2015.
Settlement Program Begins Operating
June 4, 2012: The Deepwater Horizon Court-Supervised Settlement Program covering economic loss and property damage claims began being operating on this date.
Sept. 7, 2012: Although any Economic Loss and Property Damage class member and/or Medical Benefits class member must have filed their objections to any aspect of the settlement(s) in writing by Aug. 31, 2012, the deadline was extended one week by Order of the Court.
Opt Out Deadlines
Dec. 15, 2012: With an original deadline of Oct. 1, 2012, the opt-out deadline for any Economic Loss and Property Damage class member and/or Medical Benefits class member wanting to be excluded from one or both classes was extended to Dec. 15, 2012, by Order of the Court.
Sept. 7, 2012: Any Economic Loss and Property Damage class member and/or Medical Benefits class member must have filed their objections to any aspect of the settlement(s) in writing by this date.
Nov. 8, 2012: The court held a Fairness Hearing at 8:30 a.m. (CST) at the U.S. District Court for the Eastern District of Louisiana. At the Fairness Hearing, the court considered whether to grant final approval of the Economic and Property Damages Settlement and the Medical Benefits Settlement.
Eligible claims under the Economic and Property Damages Settlement will be paid immediately, once approved.
Relevant Court Documents