In the two weeks since he was appointed by the court to supervise the BP settlement’s claims process, Lafayette attorney Patrick Juneau has paid 1,096 claimants about $27 million.
“Not a single business day has gone by since March 8, 2012, when payments to claimants have not been made,” Juneau said in a statement released Friday. Juneau was appointed by the federal court to administer the proposed $8 billion settlement that Lafayette attorney Jim Roy and other local attorneys helped negotiate with BP as a result of the 2010 Deepwater Horizon explosion that killed 11 men and sent millions of gallons of oil into the Gulf.
Juneau is to the court settlement what Kenneth Feinberg was to the Gulf Coast Claims Facility. The court established a transition process as a bridge between the GCCF and the new claims center that will replace the Feinberg-run facility. The settlement, which is uncapped, is not yet final and is ultimately subject to the approval of the court.
Since the court’s order, almost 5,000 new claims have been filed in the transition process, including more than 1,700 from claimants who never before filed a claim. Almost $20 million of that money went to 619 claimants who hadn’t accepted a final offer from the GCCF before Feb. 26. Under the settlement, those 619 claimants got 60 percent of their final offers while they decide whether to opt into the settlement class.
Claimants receiving 60 percent now will never lose the right to get the 40 percent balance of their final offer. They may even get more if they are a member of the settlement class and receive an offer that is greater than the 40 percent from the court supervised settlement program, according to Juneau. He says the court’s order allows these claimants to receive the greater of the 40 percent balance of the GCCF’s offer or the offer from the court program in exchange for signing a release. If a claimant is not part of the settlement process or opts out of that process, the claimant may receive the 40 percent at that time, after signing a release.
Plaintiffs’ attorneys have maintained that those with claims could receive a more lucrative offer by participating in the settlement.
“We want the people of the Gulf to know that they may still file claims,” Juneau says. “When the new program opens, any claim that has not yet been decided will be transferred to the new facility, so there is no need to wait.”
A divided 3rd Circuit Court of Appeal reversed a Lafayette district judge’s ruling absolving the co-owner of a New Iberia accounting firm of liability in an embezzlement case.
Our View: It’s reasonable, temporary and invests in Lafayette’s future.
“I am only getting a little nervous about two projects — the proposed Sasol GTL facility [not the new ethylene plant] and the proposed G2X facility — both in Lake Charles. They need a hefty difference between oil and natural gas prices to make sense.”
Lower oil prices also might slow the growth of oil production in parts of the U.S., Canada and elsewhere because it will no longer be so profitable.
A Lafayette woman faces up to 20 years in prison for running up more than $1 million in unauthorized charges to her company credit card.
Signs that our state’s banking industry is undergoing a downsizing in 2014 were further confirmed today with the FDIC’s latest figures showing a third straight quarter in which Louisiana lost more banks and earned less money.
State police say a 47-year-old Lafayette man, who collected more than $83,000 in disability benefits, is accused of operating two businesses out of his home at a time when he claimed he had no income.
Facing opposition from a powerful industry, the governor and many in the Legislature, a New Orleans-area flood board's lawsuit against dozens of oil, gas and pipeline companies seemed doomed early on.
Thursday’s explosion aboard an oil production platform in the Gulf of Mexico is now under investigation by the Bureau of Safety and Environmental Enforcement.
Money from the first and only settlement so far in a Louisiana flood board's lawsuit against dozens of energy companies will be placed in a special account dedicated to coastal restoration.
BP is heading to a federal appeals court in its effort to oust the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill.
The 59-41 Senate vote was one shy short of the 60 needed to clear the House-passed measure.
Spot bonuses to employees who go above and beyond on projects one of several reasons national mag calls BR-based biz bank a cool place to work.
The Director Search Committee interviewed the five men still in the running via video last week and is set to trim the field this week.
Telecom’s decision to halt deployment to more than 100 cities while it awaits net-neutrality rules appears to be little more than a temper tantrum.
Environmental (and political) junkies got a double fix when The Lens hosted a discussion between its environmental writer and the lead attorney in the levee board suit.
Follow The IND to hear Lens environmental reporter Bob Marshall's interview with Gladstone Jones, the lead attorney in the lawsuit against the oil and gas companies for coastal damages.
The $35B deal leaves the burning question about what it will mean for the thousands of these two service giants' local employees.
Broussard & David set up shop at the corner of Jefferson and Vermilion.
in light of falling oil prices, Forbes asks, “Will there be more?”
Lake Charles lets Acadiana companies in on the action as our neighbor to the west prepares for unprecedented growth.
A new study analyzes the state of the Lake Charles region and the impact 19 industrial projects will have on residents.
A U.S. magistrate judge calls “garbage” on behavior of attorneys for Progressive Waste Solutions.
The Lafayette food truck scene is slowing down but not stopping.
Lake-area financial institutions seeing green.