BP Claims Lawsuit Less than 2 Months Away

The BP Claims Lawsuit is going to be one of the biggest legal battles in US history is set to take place in February of 2012. More than 120,000 claimants have stepped forward to join in the federal lawsuit against BP and other energy companies, claiming personal and financial losses after last year’s disastrous BP oil spill in the Gulf Coast. Its not to late for you to do the same and say to hell with the GCCF, I want to get my compensation. The legal proceedings are expected to reach all the way to the Supreme Court.

BP Claims Lawsuit

Were BP and Other Companies Simply Negligent?

BP shouldered much of the blame for the oil spill that killed 11 workers and dropped 155 million gallons of oil into the Gulf, but they aren’t the only ones being sued. Transocean and Halliburton are being taken to task for the 2010 accident in the Gulf.

One of the lead lawyers on case states that there has never been any other US case tried that has been so complex and on such a large scale.
BP has already taken most of the finger pointing for the spill, but officials of the corporation are preparing evidence stating that the Deep Water Horizon accident actually happened due to multiple parties and is consistently pointing to other’s involvement in the accident.

February 27, 2012 is the official date to begin the BP claims trial for this first issue. The goal is to prove which party was most at fault: Transocean, who owned the rig, BP, who leased the rig, or Halliburton, who was responsible for laying the cement for the rig.
Another key component of the trial is proving whether a judge should find any or all of these companies grossly negligent. If that verdict is reached, the companies will be facing potentially tens of billions of dollars in damages.

BP officials claim that they are aware that the company was negligent; they are just trying to avoid the label “grossly negligent.”

Outcome Of The Trial Will Affect Future BP Claims Payments

Many victims of the oil spill have decided to put their trust in the hands of the GCCF, and hope to receive compensation from the agency instead of adding onto the 400 lawsuits already filed against the companies by 120,000 individuals and business.

Most are under the impression that this trial will take years to end. On the contrary, despite earlier whispers that the lawyers representing BP and the other defendants were going to draw out the legal proceedings, the case is actually moving through the court system at an unprecedented rate.
Many legal experts are comparing the BP claims lawsuit to the lawsuit filed against Exxon-Valdez after the oil spill off the coast of Alaska in 1989. That legal battle lasted almost a decade and Exxon got off paying $500 million in damages as opposed to the original $2.5 billion they were being sued for.

The outcome of this case may or may not share the same fate.

The outcome of the upcoming trial in February has the potential to set a legal precedent for how the courts will handle compensation proceedings in the future.

If BP cannot prove that they have fewer faults in the accident than originally believed, then many people who are filing BP claims against them will finally get the financial compensation they deserve.

Stake Your Claim Now and Get Your Share Of The BP Claims Lawsuit

If you have been waiting for the GCCF to do the right thing for month and still no right answer its time to get your paperwork in to the attorney’s and gets things lined up for trial. The work up of your case takes about 1 week after you bring all the documents in. So get started today and fill out the free case review on the right hand side of this site.

A Look At The BP Claims Settlement Lawsuits

At two stages in the process of your BP claims settlement, you may find yourself either needing or wanting to take the case to the court system instead. One consideration in accepting a final settlement of your claim with BP is that by accepting their offer, you must agree to forfeit any future claims you might have against BP.

What happens if I take the BP Claims Settlement ?

In other words, once you accept their money, you can no longer ever sue them again over any matter related to the Deepwater Horizon accident or oil spill. You may decide that you either want to reject their offer. Perhaps you believe you will win more in front of a jury of your peers in a court of law than through the Gulf Coast Claims Facility (GCCF) claims settlement process. If you pursue this route, then you forfeit your claims settlement through the GCCF and agree to accept the court’s verdict instead. If you find a group of people with similar claims and similar circumstances to your own, you might consider filing a class action lawsuit rather than filing many individual lawsuits separately.

Taking your BP Claims Settlement to court

The other way that your BP claims settlement might end up in court is feeling that your GCCF award is insufficient and deciding to appeal to a higher power. If you are unhappy with the award you are given from the GCCF, you have the right to appeal your case to the United States Coast Guard and/or the federal court system. For those who receive $250,000 or more, there is a three-judge panel who will hear appeals from those who feel they did not receive enough. Though there is no official “cap” on loss and damage claims, BP has said that it does reserve the right to appeal any award over $500,000. An appeal is a very complicated procedure involving a mountain of paperwork and dealing with very strict rules, especially in the court system. If you get to this stage, you really need to consider retaining the services of an attorney. Even a minor misstep or breach of court rules can result in an automatic loss of your claim and you could even be held liable for all of the court costs.

Having an Attorney handle your BP Claims Settlement

Though you do not have to have an attorney to file a claim with BP, or to sue BP, or to join a class action law suit, it is always preferable to have one.  Attorneys are experts in these matters, and you will definitely do yourself a favor by retaining one.  Most attorneys in these types of matters will be willing to take your case as on “contingency”.  This means you do not have to put down any money up front.  Instead, the attorney will take a certain percentage of your final judgment—your “winnings”.  This percentage will normally be in the range of 20-45%, depending on how complex your claim is.  If you lose your case, you will only owe court costs in most cases, and your attorney will receive nothing.  This is a strong incentive for your attorney to work extra hard to win your case. When looking at the offer your get for your BP Claims Settlement consider if you could get more via a lawsuit