BP can’t delay damage payments
Posted on Monday, June 2nd, 2014 at 12:55 pm
London oil giant BP Plc, formerly known as British Petroleum, is not permitted to postpone paying hundreds of millions of dollars in damage claims to businesses and residents that were affected when BP’s Deepwater Horizon oil well in Macondo exploded in 2010, Insurance Journal reported on May 27.
The Fifth U.S. Court of Appeals recently decided that BP should proceed paying the victims although the U.S. Supreme Court has not finished reviewing the company’s dispute that the settlement price was bloated.
In December of last year, a trial judge allowed BP to suspend payments to businesses allegedly affected by the Gulf of Mexico oil spill, even those with undeniable proof that they were harmed, while the appeals court looked into a BP complaint. The company asserted that the claims administrator told them to pay hundreds of millions of dollars in “fictitious” claims, increasing the settlement’s price tag to $9.2 billion.
Our aggressive attorneys at Williams Hart are highly experienced with the Deepwater Horizon claims process. If you need assistance filing a claim as a resident or a business owner, call our offices at (800) 220-9341 to discuss your situation.