Ever since BP agreed to settle the 2010 Horizon Deepwater Oil Spill in the United States Gulf region, the company has been doing its best to find a way out of the deal.
The Horizon Deepwater crisis battered the lower coast of the United States, which crippled the economy, eradicated acres of natural land, and damaged countless wildlife populations, all of which are still attempting to recover.
Declared ‘grossly negligent’ and guilty of ‘willful misconduct’ for its role in the April 2010 oil spill, BP still believes that it is the one that has been wronged by the legal system.
Geoff Morrell, BP’s Vice President of US Relations, has been especially vocal about the company’s viewpoint. Morrell and his attorneys have been claiming that they are victims of fraud, “that BP said was far too generous in paying damages to businesses that were not directly affected by the oil spill but said the resulting economic slump caused revenue losses.”
Luckily for plaintiffs and those who have been damaged by the oil spill and its aftermath, the Supreme Court wasn’t buying it. In fact, the justices didn’t even deign to comment on the proposed case; they simply rejected the plea for consideration.
Joseph Rice, counsel to the BP claimants, called the Supreme Court rejection “very gratifying,” as BP’s proposal was simply their attempt to “re-write the settlement agreement.”
This attempting run-through with the Supreme Court has been one of many delays in the BP Oil Spill settlement process. The settlement process has been rife with uncertainties, including how much oil was actually leaked and which entities were harmed in which way by the leak.
Every new claim has been hotly contested by BP representatives, though the company did eventually agree to a settlement. It is this agreement, rather than evidence of the case, that BP tried to bring to the attention of the Supreme Court.
RD Legal Funding has paid close attention to the BP case proceedings since it became clear that the settlement process would be so arduous.
Because the BP settlement has gone through so many phases and is yet again being contested, RD Legal Funding began offering its Post-Settlement Fee Acceleration program to attorneys and most recently, a BP Claims Cash Out Program for CPAs.
RD Legal Funding continues to offer settlement and claims acceleration to plaintiffs’ attorneys and CPAs who have worked on the BP case. Visit RD Legal Funding’s BP page to learn more about this opportunity to receive usable capital immediately, rather than waiting years for the BP settlement to payout.
Image Credit: Ben Salter