On December 8, 2014, the United States Supreme Court declined request for a review of the Fifth Circuit’s rulings upholding the District Court’s Final Approval Order of the Settlement Agreement. Accordingly, the Effective Date of the Settlement Agreement is December 8, 2014, and the final deadline for filing all claims other than those that fall into the Seafood Compensation Program is June 8, 2015.
It’s not too late to file a business claim but don’t delay. In fact, only 50% of eligible BP business claims have been filed as of Oct. 2014 according to the Legal Examiner.
This means only HALF of our local businesses, despite direct damage because of the BP Oil Spill, have even filed for compensation under the settlement.
If you are a local business owner, but don’t know if you qualify, talk to a lawyer as soon as possible. The process to file is easy. All you need is past tax returns and bank statements.
Be sure to check for updates on this important deadline at http://www.deepwaterhorizoneconomicsettlement.com/important.php