Free Desk Webinar - Is Your Company ELIGIBLE for Economic Damages as a result of the BP Oil Settlement?

  • 05 Jun 2013
  • 2:00 PM - 3:00 PM
  • Login from your desk online

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FREE INFORMATIONAL WEBINAR FROM YOUR DESK
  Event Sponsored by ERG


 No endorsement by USGBC or the FGCC of the U. S. Green Building Council is conferred simply by inclusion of any links, articles or event listing in this website


ERG is a statewide law firm representing
businesses and professionals all along
FLORIDA’S WEST COAST who suffered
DIRECT OR INDIRECT economic
LOSSES after the APRIL 20, 2010 BP OIL SPILL.


WHAT IS THE DEEPWATER HORIZON BP OIL SETTLEMENT?

On May 2, 2012, the federal court overseeing the litigation arising from the April 2010 Deepwater Horiz on Oil Spill preliminarily approved a class settlement extending economic damages to businesses as a result of the oil spill. The total settlement package is valued at $7.8 billion,
but there is no cap on the amount that may be paid under the settlement. Although final approval by the court will not be issued until after a fairness hearing in November 2012, the court has issued preliminary approval and authorized the new settlement administrator to begin processing claims after June 4, 2012.


  • Is my Company ELIGIBLE?
Almost any individual and any business located in a Florida Gulf Coast county, including all of the panhandle (as well as all of the counties in AL, MS, LA and select counties in TX), may be eligible. Income does not have to be tied to tourism, seafood or the Gulf in order to qualify. In
fact, you need not show that the oil spill itself was associated with your economic circumstances. Simply put, if you made less money (for any reason) during any three-month period between May and December 2010 than you did during the same period in previous years, you
should consider filing a claim.

  • IS EVERY TYPE OF INDUSTRY COVERED BY THE SETTLEMENT?
Most industries are eligible under the terms of the settlement. However, there are some excluded industries, including certain financial institutions, gaming businesses (casinos, etc.), insurance entities, investment funds and financial vehicles, defense contractors, governmental entities, any entity selling or marketing BP-branded fuel, certain oil and gas concerns, and real estate developers.

Click here to read about the Expert Legal Opinion on BP Lawsuit

Click here to read the FAQ check

ERG --- SERVING FLORIDA’S WEST COAST
Offices: Tampa • St. Petersburg • Sarasota • Cape Coral • Ft. Myers • Naples • Orlando
Direct Mail to: 1936 Lee Road, Suite 105 Winter Park, FL 32789 | Phone: (888) 270-6288 | info@ERGLawFirm.com


Economic Recovery Group - BP Settlement Program
 

The BP oil spill was a disaster, not only for our environment, but for our economy as well.  Now, through an extraordinary new class action settlement agreement, BP is addressing the damage done to businesses in a fair, objective and reasonable manner.
 
ERG is a statewide law firm whose sole focus is representing businesses with their BP claims.  The firm also works with many Florida-based law firms in referral and co-counsel relationships to help their clients.  Many business owners assume that their losses have to be directly related to the oil spill to qualify for the Settlement Program, but that’s simply not the case. Thanks to BP, billions of dollars will be coming directly back to businesses that felt the trickle-down effects and saw changes in their revenue.

An average of 12,000 claims are being filed each month, with the average business economic loss claim value exceeding $230,000.  It is anticipated to cost BP in excess of $8.5 billion but the Settlement is uncapped.  BP will pay ALL valid claims filed prior to April 22, 2014.  According to the Court, there are an estimated 800,000 potential claims

Businesses located in counties along the Gulf Coast have likely heard about the opportunities that may exist with regard to filing claims, but we have found that many have yet to act.  The fact is, almost every type of business has been defined as eligible, and qualifications are based largely on geographic location.


 No endorsement by USGBC or the FGCC of the U. S. Green Building Council is conferred simply by inclusion of any links, articles or event listing in this website.
Thank you for your consideration.


USGBC Florida Gulf Coast Chapter, c/o Florida Atlantic University, College of Engineering and Computer Science,
777 Glades Road, Room EE 329, Boca Raton, FL 33431-0991, info@usgbc-fgc.org / 561-373-7367
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