December 28, 2012
BP Client Update: Final approval of Economic and Property Damages Settlement
On Friday, Dec. 21, 2012, Judge Barbier entered an Order and Judgment Granting Final Approval of the Economic and Property Damages Settlement and Confirming Certification of An Economic and Property Damages Settlement Class. This Order now is final at the District Court level and, absent an appeal, will become a final, binding order.
We do anticipate that one or more persons will appeal portions of this decision.
We will continue to process claims pursuant to the individual contracts we have entered with our clients and anticipate that the Claims Facility will pick up the pace of its processing of claims in 2013. There has been a lot of work done to clarify issues concerning this Settlement with the Claims Administrator that has now worked its way through the system, and we contemplate a much faster process.
Please do not feel compelled to contact us. This message is only intended to acknowledge that the settlement process is continuing, and we are now moving into 2013 with a Final Settlement Agreement.
If you have questions, please contact the attorney who has been assigned to your case(s).