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Educated Investors Get Live Stock Market News Feeds & Alerts At The
Fly On The Wall
The new court-supervised claims program was established to specifically cover medical-related
losses. Certain benefits the Medical Benefits Settlement provides (namely, compensation for
qualifying specified physical conditions and the periodic medical consultation program benefit) will
not become available until the effective date occurs. The Gulf Region Health Outreach Program
benefit provided for under the Medical Benefits Settlement, however, has already begun. WHAT ARE
YOUR LEGAL RIGHTS? July 2013 Update: On June 25, 2013, the appeal as to appellants Abreu,
Aparecio and Arellano was dismissed and closed. The appeal remains open as to all other appellants.
On July 11, 2013, the opening brief for appellants Sturdivant, Kirby and Forsyth was filed.
You may elect to complete and submit a Proof of Claim Form 1) by requesting a notice packet and
then returning the Proof of Claim Form to us via mail OR 2) by downloading the PDF Proof of Claim
Form available on this site and then returning to us via mail. For detailed instructions on these
options, please visit our File Claim page. Spill victims had previously been compensated through a
program known as the Gulf Coast Claims Facility (GCCF) that was set up by BP and the Obama
administration in the aftermath of the spill. The GCCF was overseen by Kenneth Feinberg, a
Washington lawyer appointed by President Obama.
BP and the attorneys representing thousands of people and businesses harmed by the massive 2010
Gulf of Mexico oil spill asked a federal judge Wednesday to approve a multibillion dollar settlement.
Changes to Document Requirements for Individual Economic Loss and Business Economic Loss Claims
(Posted October 26, 2012) The Parties have approved document requirement changes for certain
Individual Economic Loss (IEL) and Business Economic Loss (BEL) claims. Click here to read about
these changes. Alejandro de los Rios for the Louisiana Record. August 15, 2011. Barbier describes
rough outline of BP oil spill liability trial
One reason for this misinformation is that some deadlines have indeed come and gone, and the press
and social media have made note of these. For example, the deadline to opt out, or not be legally
bound by the class-action settlement, was in November 2012, and the last date for filing objections
regarding both economic and property damages and medical benefits passed in early September.
Publicity regarding these dates left some businesses and individuals with the impression that they
had waited too long and could no long file claims and become part of the historic settlement from
BP.
b) Unlike a simple multiplier, the RTP enhancement is a formula that calculates the product of RTP
number and the base compensation amount, and then adds that product back to the base
compensation amount. In other words, an RTP of 2 does not just double the base compensation
amount, as a simple multiplier would – it doubles the base compensation amount and then adds that
doubled number to the original base compensation amount – thus an RTP of 2 would be comparable
to a multiplier of 3.
For more information: http://bpclaims.org//

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2

  • 1. Educated Investors Get Live Stock Market News Feeds & Alerts At The Fly On The Wall The new court-supervised claims program was established to specifically cover medical-related losses. Certain benefits the Medical Benefits Settlement provides (namely, compensation for qualifying specified physical conditions and the periodic medical consultation program benefit) will not become available until the effective date occurs. The Gulf Region Health Outreach Program benefit provided for under the Medical Benefits Settlement, however, has already begun. WHAT ARE YOUR LEGAL RIGHTS? July 2013 Update: On June 25, 2013, the appeal as to appellants Abreu, Aparecio and Arellano was dismissed and closed. The appeal remains open as to all other appellants. On July 11, 2013, the opening brief for appellants Sturdivant, Kirby and Forsyth was filed. You may elect to complete and submit a Proof of Claim Form 1) by requesting a notice packet and then returning the Proof of Claim Form to us via mail OR 2) by downloading the PDF Proof of Claim Form available on this site and then returning to us via mail. For detailed instructions on these options, please visit our File Claim page. Spill victims had previously been compensated through a program known as the Gulf Coast Claims Facility (GCCF) that was set up by BP and the Obama administration in the aftermath of the spill. The GCCF was overseen by Kenneth Feinberg, a Washington lawyer appointed by President Obama. BP and the attorneys representing thousands of people and businesses harmed by the massive 2010 Gulf of Mexico oil spill asked a federal judge Wednesday to approve a multibillion dollar settlement.
  • 2. Changes to Document Requirements for Individual Economic Loss and Business Economic Loss Claims (Posted October 26, 2012) The Parties have approved document requirement changes for certain Individual Economic Loss (IEL) and Business Economic Loss (BEL) claims. Click here to read about these changes. Alejandro de los Rios for the Louisiana Record. August 15, 2011. Barbier describes rough outline of BP oil spill liability trial One reason for this misinformation is that some deadlines have indeed come and gone, and the press and social media have made note of these. For example, the deadline to opt out, or not be legally bound by the class-action settlement, was in November 2012, and the last date for filing objections regarding both economic and property damages and medical benefits passed in early September. Publicity regarding these dates left some businesses and individuals with the impression that they had waited too long and could no long file claims and become part of the historic settlement from BP. b) Unlike a simple multiplier, the RTP enhancement is a formula that calculates the product of RTP number and the base compensation amount, and then adds that product back to the base compensation amount. In other words, an RTP of 2 does not just double the base compensation amount, as a simple multiplier would – it doubles the base compensation amount and then adds that doubled number to the original base compensation amount – thus an RTP of 2 would be comparable to a multiplier of 3. For more information: http://bpclaims.org//