It has only been a few days since the $7.8 billion agreement between BP PLC and the steering committee for a large group of plaintiffs. While it still needs to be cleared by the federal courts, there are some that have yet to be won over by the settlement offer.
Critics are not sure that this agreement will be better for those hurt by the BP Oil Spill of 2010 than the $20 billion compensation fund established by BP in 2010 and administered by the Gulf Coast Claims Facility.
BP Settlement News
The news of a partial settlement does indicate that perhaps claims will be resolved that the GCCF was unwilling or unable to satisfy. In addition, the new arrangement may result in higher dollar amounts for claimants that do qualify. But there is still unanswered questions concerning the timing of these payments and uncertainty about further delays in the resolution of claims. While it is encouraging that the new court claims system will use a broader time period to determine economic losses, the process of establishing eligibility starts anew.
BP Oil Spill Case is Still Far From Over
Madhu Sekharan, an attorney with the Houston firm of D. Miller & Associates, PLLC representing hundreds of individual and business clients with BP Oil spill claims, said that he recognizes that this legal matter is far from being resolved. “Despite news of a settlement, the BP Oil Spill case is still far from being over,” according to Mr. Sekharan. “Those that have been harmed by the nation’s worst environmental disaster in its history, through no fault of their own, seek answers.”
While the proposed settlement is estimated to be worth $7.8 billion, the final figure could eventually be much higher. There are still likely to be thousands of new claims waiting to be submitted while hundreds of thousands of existing claims remain unresolved.
BP Oil Spill Claims Settlement Attorney
D. Miller & Associates, PLLC continues to accept new BP Oil Spill clients as they help claimants navigate these uncharted legal waters. The firm is fully committed to these victims of the catastrophic BP Oil Spill and will fight to receive appropriate compensation be it through negotiation, the new court claims process or continued litigation.
For the latest information concerning the BP Oil Spill claims and to find out if you qualify for maximum recovery, please contact the experienced team at D. Miller & Associates, PLLC at 855- PRO-LAWYERS or visit their website at www.dmillerlaw.com.
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