BP Settles Deepwater Horizon Oil Spill Lawsuit For $7.

8 Billion, Additional Fines Possible

On Friday, Jan.11, 2013, District Court Judge Barbier entered an Order and Judgment granting final approval of the Medical Benefits Class Action Settlement. If this Order is not appealed, the Medical Benefits Class Action Settlement will become final and effective as soon as the appeal deadline expires. BP has canceled contracts to build an extension to its Mad Dog oil project in the Gulf of Mexico due to cost inflationuncertainty for oil prices in the future, reported Reuters, citing three industry sources familiar with the decision. Reference Link September 17, 2013 07:14 EDT BP Study challenges U.S. view of methane emissions by fracking, WSJ reports

A large number of claims and class actions have already been filed, although many claims are expected to be met administratively from the fund set up for that purpose under the Oil Pollution Act of 1990, which allows claims to be filed administratively and contemplates their settlement within 90 days. 1 We are ready to help you with your BP Medical Settlement, we have many allies that are here to assist you with your BP Medical Settlement, some of the Attorneys we are in contact with, will actually pay for people affected to be tested.

This settlement demonstrates BPs continued progress in resolving significant issues related to the Deepwater Horizon accident, BP CEO Bob Dudley said in a statement Schmidt, Kathrine (25 February 2013). "Macondo trial gets under way" Upstream Online ( NHST Media Group ) Retrieved 26 February 2013 b) The choice of one, two, or three year averages allows claimants to select a Benchmark Period that most accurately reflects pre-spill revenues, and eliminates or reduces distortion related to the general economic downturn in 2009 and other extraneous factors. Thompson, Richard (11 January 2013). "Federal judge approves BP Gulf oil spill medical settlement" The Times-Picayune Retrieved 14 February 2013

A Medical Benefits Class Action Settlement has been reached related to the Deepwater Horizon incident. This Settlement offers benefits to qualifying people who resided in the United States as of April 16, 2012, who were either Clean-Up Workers or who were residents in certain defined beachfront areas and wetlands (Zones) during certain time periods in 2010. b) This means claimants can exclude outlier months that, if included, might unfairly dilute the true severity of the spills impact on the claimants revenues. a b c David Ingram for Reuters, September 4, 2012 Deepwater Horizon: US ramps up rhetoric on BP over oil spill

On March 8, 2012, the United States District Court for the Eastern District of Louisiana issued a First Amended Order Creating Transition Process in connection with an Agreement-in-Principle between BP Exploration and Production, Inc. and BP America Production Company and the Interim Class Counsel to settle numerous lawsuits arising out of the Deepwater Horizon Oil Spill. To view the Court's March 8, 2012 First Amended Order Creating Transition Process, Click here Directives from the Claims Administrator on How Lawyers Sign Claim Forms (Posted June 7, 2012). On May 22, 2012, the Claims Administrator issued its Position on Process Issues on this subject. To view the document, Click here

For more information: http://bpclaims.org//