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Payout official set for surge in BP spill claims

The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on Thursday he is already bracing for a late surge in filings.Patrick Juneau, a Lafayette, Louisiana attorney experienced in complex litigation, was named by U.S. Judge Carl Barbier last year to oversee BP's settlement with the many individuals and firms who say they were harmed by the spill and its aftermath.Of 165,877 claims filed as of May 15, his office has found 40,970 eligible for payment, with a total value exceeding $3.2 billion, he said, adding that the pace of filings from the five states covered by the settlement has picked up in recent months."It certainly wouldn't surprise me that we'd break the 200,000 mark," Juneau told Reuters. He said his office has been careful about evaluating claims, and expressed frustration at a court challenge by BP to payments for economic losses to businesses harmed by the spill.The De...

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  12. Kenneth Feinberg on the BP Fund’s Claims, Payouts

    BP Compensation Fund Administrator Kenneth Feinberg on the flood of claims received ahead of the deadline for emergency payments.

  1. Official set for surge in BP spill claims as deadline nears

    The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on ...

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