More than three years after British Petroleum (BP) spilled oil in the Gulf of Mexico, many companies and individuals are still waiting to have their claims paid; some have waited for months, others for years. The reason for the long wait is BP’s success in appealing individuals’ claims. These appeals, filed by the oil firm itself, are against what it believes are fraudulent claims filed against it (by those who were never really affected by the spill, but joined the claims spree to earn easy money).
It is a fact that many businesses still continue to lose big income and are still struggling to find ways to recover. It cannot be denied that the 210,000,000 US gallons or 4.9 million barrels of oil that were spilled by BP’s oil rig in the Mexican Gulf really affected many firms along and near the coastlines, especially companies that basically rely on the sea itself, like sea food restaurants and sea-based activities (boating, scuba diving, yachting, and others).
Since the spill in April of 2010, BP has already paid more than $25 billion to individuals, business firms and the government, including cost of clean-up, for claims settlement. Late did BP realize, however, that many of the settlement it has made were based on fraudulent claims. To stop unnecessary loses the oil firm filed a claims appeal, which finally gained approval in July of 2013.
The BP claim appeal put a stop in the payouts, despite the continuous rise in the number of claims still being filed. The real effect of the appeal is the burden it has caused on those businesses that were really affected, so that even if the claims made by these firms were evaluated as authentic, now they will have to battle legally to earn their money.
It is clear that BP is solid in its stand to expose fraudulent claimants than continue to suffer unnecessary loses – all at the expense of authentic claimants. This scenario makes the presence of claim appeal lawyers, fighting for your rights, an essential requirement if want your business to survive. Leaving your firm’s fate to the outcome of the appeal process would be like waving your right to get what you legally deserve, which would also mean the survival of your firm. And acting now would be much wiser than waiting again for months or years for a result that you absolutely have no idea what would be.Read More