Truth About the BP Oil Spill Settlement - Part 4 - Causation Requirements

Truth About the
BP Oil Spill Settlement

BP is also dissatisfied with the Independent Accounting Firm and their own Accounting expert. Florida Oil Spill Claims Attorney wants you to know -  Sources in the case determined that profit declines during the claimant-selected compensation period are presumed to be caused by the spill. On behalf of one of the lead lawyers in the BP Oil Spill Settlement, we want you to know and to correct some of the misinformation surrounding BP’s current media campaign. Again, On behalf of the businesses and families of the Gulf Coast, the undisputed factual record establishes that:

"BP also selected and proposed Postlethwaite & Netterville (P&N), an independent accounting firm that had not done any work for either plaintiffs or BP/GCCF, to serve as a Program Vendor. P&N, the independent accounting firm that BP selected, always interpreted the Settlement Agreement exactly the same way that Mr. Juneau and Judge Barbier did."

"BP’s own Accounting Expert, Holly Sharp, studied the Settlement Agreement and submitted a sworn declaration to the Court in August of 2012 confirming that: “Once a business meets the causation requirements, for purposes of quantifying compensation, all revenue and variable profit declines during the claimant-selected compensation period are presumed to be caused by the spill, with no analysis required to determine whether the declines might have been due, at least in part, to other causes.”

Just so everyone knows.

See Also: Postlethwaite & Netterville, Holly Sharp, Settlement Agreement, Florida Oil Spill Claims Lawyer, BP Oil Spill Settlement, GCCF, Judge Barbier, Mr. Juneau

Sources: BP Oil Spill Class Counsel and Doc. 8963-62.

BP Oil Spill Victims' Claims Suspended?

BP now trying to suspend payments to victims. #BP #OilSpill
"None of this changes BP's commitment to the Gulf, where the company has already spent $14 billion on response and clean-up costs and paid more than $11 billion in claims to individuals, businesses and government entities," said BP spokesman Geoff Morrell

Source:

http://www.nola.com/news/gulf-oil-spill/index.ssf/2013/07/bp_asks_federal_court_to_suspe.html?utm_source=dlvr.it&utm_medium=twitter

BP Oil Spill Claims Bounty Hunters Wanted

Bounty Hunters Wanted

Oil Spill Claimants Bounty - While the Feds are going after BP for penalties associated with the massive oil spill, BP continues to help the Gulf recover by paying bounty on fraudulent oil spill claimants:  

Today they said "Tips received through the Hotline will be reviewed and referred for further evaluation, if warranted, to fraud investigators at the CSSP, the National Center for Disaster Fraud, or other law enforcement agencies. Tips that lead directly to an indictment, a recovery of money paid, or the denial of a claim because of fraud or corruption may entitle the reporter to a reward."

The FloridaOilSpill.com Oil Spill tipline has been in operation since days after the oil well destroyed the Gulf Coast. Thanks BP for gathering information that helps the gulf recovery.

Just so you know.

Source: http://www.bp.com/en/global/corporate/press/press-releases/bp-launches-gulf-claims-fraud-hotline.html

Truth About the BP Oil Spill Settlement - Part 3 - The Accountants

Truth About the
BP Settlement
Accountants

Florida Oil Spill Claims Lawyer wants you to know - BP is dissatisfied with the Certified Public Accountants. On behalf of one of the lead lawyers in the BP Oil Spill Settlement, we want you to know and to correct some of the misinformation surrounding BP’s current media campaign. Again, On behalf of the businesses and families of the Gulf Coast, the undisputed factual record establishes that:

"BP selected and proposed PricewaterhouseCoopers (PwC) as a Program Vendor for the Court-Supervised Settlement Program. PwC, one of the largest accounting firms in the world, had been previously hired by BP to assist Mr. Feinberg with the GCCF, and was therefore not only trusted by BP but also familiar with Oil Spill related claims. PwC, the accounting giant that BP selected, always interpreted the Settlement Agreement exactly the same way that Mr. Juneau and Judge Barbier did."

Just so everyone knows.

See Also: PricewaterhouseCoopers, Florida Oil Spill Claims Lawyer, BP Oil Spill Settlement, GCCF, Judge Barbier, Mr. Feinberg

Source: BP Oil Spill Class Counsel

Truth About the BP Settlement - Part 2

Truth About the
BP Settlement 

BP is dissatisfied with the Oil Spill Claims Judge. On behalf of one of the lead lawyers in the BP Oil Spill Settlement, we want you to know and to correct some of the misinformation surrounding BP’s current media campaign. Again, On behalf of the businesses and families of the Gulf Coast, the undisputed factual record establishes that:

"Judge Barbier was selected by a panel of respected trial and appellate court judges from across the country to preside over the BP Oil Spill Litigation, one of the largest, if not the largest, consolidated cases in history. He has been universally praised by BP and others for his ingenuity, commitment and dedication to the efficient and effective management of this vast and complex litigation. Judge Barbier has served on the Federal Bench for well over a decade, and his integrity and judicial excellence have never been called into question."

Just so everyone knows.

 Source: BP Oil Spill Class Counsel