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re: June 8th Is the Bar Date for Claims in the BP Economic Loss Program

Posted on 4/1/15 at 9:02 pm to
Posted by OTIS2
NoLA
Member since Jul 2008
50202 posts
Posted on 4/1/15 at 9:02 pm to
It's beginning to trickle. We've had several claims paid since November, and a large number of payment notices issued in March. Expect the pace to pick up through the year, but Policy 495 is causing carnage and confusion...as I expect was intended.
This post was edited on 4/2/15 at 7:50 am
Posted by tes fou
Member since Feb 2014
838 posts
Posted on 4/2/15 at 8:54 am to
Only been waiting for my check for 5 years now. Funny, every other time someone owed me and I agreed to settle, I agreed to a lower amount and I got a check in 48 hours. With this deal I'm 100% guaranteed to not be made whole, and based on the S&P 500 I missed out on a 70% return on the money they owe me while they have delayed based on disputes that have no bearing on the validity or value of many of our claims.

The lawyers who negotiated this deal should be skulldragged. The BP lawyers screwed them by letting a bunch of crooks get into the class. The plaintiffs lawyers sold those of us with valid claims down the river, taking too small of a multiplier and not insisting on incentives/penalties to keep the process moving. They did a great job of lining their own pockets though.
This post was edited on 4/2/15 at 8:56 am
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