B.P. Economic Settlement Claims News: B.P. Swings and Misses Again

- Lawsuit Settlement Funding Firm says new order to pay $130MM in administrative costs is just another setback for British Petroleum giant in its quest to halt payments to business owners.

Aug 12, 2013, 05:00 ET from Legal-Bay from ,Patty Kirby

NEW ORLEANS, Aug. 12, 2013 /PRNewswire/ -- Legal-Bay LLC, a leader in B.P. Claim Funding and B.P. Lawsuit Business Loans, http://lawsuitssettlementfunding.com/bp-gulf-lawsuit-settlement-funding.php says the ruling last week by a Louisiana Judge to continue to pay the claims administrator is just another indication that B.P. faces an uphill battle in their attempt to challenge the method of claims being paid out.  In essence, B.P. argued that the fees incurred were unreasonable.  Legal-Bay, which has been monitoring the B.P. Litigation from the beginning, finds a constant theme with B.P.'s strategy. 

(Logo:  http://photos.prnewswire.com/prnh/20130812/PH62229LOGO )

Chris Janish, CEO of Legal-Bay commented, "B.P. has turned out to be a company that has lost a lot of credibility in the gulf area.  In one sentence they want to help rebuild the region, and in the other they want to complain about the agreement they signed willfully; and even made a public statement to the effect of how satisfied they were with the landmark settlement.  The company's lawyers have greatly miscalculated numerous terms of the deal, and now their futile efforts to convince a court that the administrator has miscalculated the claims seem to continuously backfire."

B.P., as well as the so many business owners who are waiting for their settlement checks are anxious to hear the decision in the next couple weeks regarding a key appeal in the 5th Court of Appeals.  Most legal experts believe B.P. will finally strike out for good once that ruling is handed down; although B.P. would have a chance to appeal that decision to the U.S. Supreme Court.    

In the meantime, all businesses waiting for their B.P. Settlement Payments have noticed that there has been a huge delay in payments.  Some of these businesses don't have the cash flow to survive and have begun seeking opportunities to get business capital from their B.P. Settlement Claim.  Unfortunately local banks won't loan against this type of asset due to the uncertainty of the litigation.    

However, Legal-Bay has committed over US$10MM in B.P. funding capital to help business owners, B.P. Business brokers, CPA Firms and Law Firms with staying "a float" while they wait for their B.P. settlement checks.  Legal-Bay is offering B.P. claim funding from $10K to US$1MM as long as you have a valid claim in the B.P. claim center and are represented by an attorney.  Legal-Bay is funding all five states affected by the B.P. Oil Spill: Texas, Louisiana, Mississippi, Alabama, and Florida.    

However, Legal-Bay urges business owners that need capital to apply now due to the constant changes in the litigation, which could halt funding in the future.  To apply for a B.P. Settlement Claim Cash Advance or B.P. Business Loan apply online at: http://lawsuitssettlementfunding.com or call Legal-Bay's toll free 24 hour B.P. Hotline at: 877.571.0405 where live agents are always standing by.    


Patty Kirby, Head of Client Relations

Ph. 877.571.0405  Email: info@legal-bay.com

SOURCE Legal-Bay; Patty Kirby