Www.DeepwaterHorizonEconomicSettlement.com – BP Deepwater Horizon Economic Loss and Property Damage Class Action Lawsuit Settlement
You can take part in the BP Deepwater Horizon Economic & Property Damage Class Action Lawsuit Settlement if you suffered losses in terms of property damage and economic loss due to the oil spill in the Gulf of Mexico in 2010. This is the Deepwater Horizon oil spill that affected many people. You can get more information on this settlement which is one of two settlements for that oil spill at the main website at www.deepwaterhorizoneconomicsettlement.com.
If you have suffered economically, you will be able to get cash. This is divided into a number of categories. If you fall into that category, you will be able to submit a claim form in order to get the compensation mentioned above. Some of the categories include the seafood compensation program, the coastal real property damage, wetlands real property damage. You could also claim for your own personal or individual economic loss or you can claim a for a business economic loss. If you have suffered from a failed business or have had a start-up business economic loss you can also take part in the BP Deepwater Horizon Economic & Property Damage Class Action Lawsuit Settlement which you can find at www.deepwaterhorizoneconomicsettlement.com site. Some of the other losses that you may have suffered include individual periodic vendor or festival vendor economic loss. In addition also submit the claim form if you have suffered subsistence loss, VoO Charter Payment or your vessel has been physically damaged. You will be able to get detailed information on each of these categories at the site. Just click on each category to get the information that you need. It can be confusing trying to figure out what these categories are just by looking at their titles.
So to backtrack, as you all know or as I hope you all know, In August of 2010, there was a huge incident where millions of barrels of oil spilled into the Gulf of Mexico. Some of you would know this as the Deepwater Horizon Incident. Many lawsuits were brought against BP and other defendants for this oil spill. Many were upset at how the oil spill affected them in terms of medical health and also in terms of economic loss.
This settlement is not yet finalized because it has yet to be approved by the court. The amount set aside by BP for all your sufferings is $2.3 billion for the Seafood Compensation Program. This is the maximum amount and will not go any higher. The total amount is $7.8 billion. There is no limit to this. This means that depending on how many people make claims, the amount could be higher or lower. Those of you who remember the incident also may remember that BP set aside about $20 billion for damages. What happened to that amount? Well apparently the amount still remaining from the $20 billion will be used to pay claims for this settlement. So do not be afraid to submit your claims and think that you will get very little if there are many people submitting claims. This is because there is no limit to how high the settlement funds can go.
The Final Fairness Hearing will be on November 8, 2012. This will be held in New Orleans, Louisiana. If you live in New Orleans or nearby, you can attend the court hearing if you wish. However, you do not need to do this. However, do not fear that there is nobody there to represent you if you do not go. The Economic Class Counsel will be at the hearing. They will be there in support of you who are considered to be a part of the Economic Class. If you would feel more comfortable with your own lawyers to represent you at the hearing you can hire your own. However, do know that if you hire your own lawyers, you will have to pay them yourself.
You can speak at the Final Fairness Hearing. However the only way you can do this is to submit a request to the Court. You basically will have to file an objection. There is a deadline to do this so make sure that you find out what that is so that you can submit your objection on time. If you are not sure if you are included in this settlement, then there are a series of questions that you can answer on the website that will basically tell you if you are eligible. So do make sure that you find out.
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