If your business suffered losses as a result of the 2010 BP Gulf Oil Spill, and your claim was submitted to the GCCF and they denied your claim, DON'T GIVE UP! The recent settlement between BP and the Plaintiff Steering Committee will allow many businesses that have not received compensation to finally be compensated for their losses. Whereas the GCCF found that many claimed business losses were not the result of the Gulf Oil Spill, the Court Supervised Settlement Process would likely find many of these previously denied Gulf Oil SPill claims compensable. That said, it is upon YOU---THE BUSINESS OWNER or individual who suffered losses to be sure that you apply to the new Court Supervised Settlement Process.
I am not suggesting that everyone who submits a claim will be paid. But I can tell you that there is a lot more flexibility under the new rules in terms of proving that a particular loss was the result of the spill than there was under the GCCF Rules. The documentation requirements and formulas used are a bit complicated and it is a very good idea to consult with a lawyer to be sure that your claim is properly documented and that the appropriate arguments for establishing legal causation are established. A lawyer can also be very helpful in evaluating your BP Claim to determine whether opting out of the global settlement is a viable option or not.
For more information about the Gulf Oil Spill Settlement with BP visit the Goldberg, Finnegan & Mester Webiste.