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Oil Spill Moratorium Claims Left Out of BP Settlement

Mar 13, 2012 | Parker Waichman LLP

authorities concern several various hold  The claimants allege the BP oil spill in the spring of 2010 caused the moratorium and as an effect, their businesses or jobs to come to a near complete standstill.

The oil giant and the administrator of a federally-established, BP-funded claims account aren't making that connection when reviewing claims for damages. And a recently drafted $7.8 billion settlement between people who claimed minor and more serious injuries or a loss of work or wages as a result of the oil spill specifically excluded those who have been affected directly by the moratorium.<!--more-->

According to a report from The (New Orleans) Times-Picayune, the losses of thousands of individuals ranging from oil field workers and businesses who supply offshore oil rigs to shipyard workers and beachfront property owners remain losses. Attempts to retrieve damage claims from the BP escrow account established by President Barack Obama and administered by "pay czar" Kenneth Feinberg have been unsuccessful.

The government and BP believe their losses were not directly caused by the oil spill or the explosion aboard the Deepwater Horizon oil rig on April 20, 2010. Instead, their losses are the fault of the federal government's response - the moratorium - to the spill.

Feinberg, according to the report, has identified about 6,000 unsuccessful claims made to the account he's overseeing from those who've been directly affected by the moratorium.

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