Attention Gulf South Business Owners: Former Louisiana Attorney General and
Kahn Swick & Foti, LLC Respond to BP's Improper Refusal
to Pay Business Claims Under $8 Billion Oil Spill Settlement
NEW ORLEANS, LA -- (Marketwire) -- 03/18/13 -- As a result of a
settlement in the BP Oil Spill civil action in the United States
District Court for the Eastern District of Louisiana, almost $8
billion has been set aside to pay Business Owners in Louisiana,
Mississippi, Alabama, Florida and Texas who suffered a decline in
their business during 2010 compared to earlier years. While BP had
agreed in Court to pay businesses without regard to whether the 2010
Gulf oil spill caused the decline, BP has now requested that the
Court put a hold on payments to businesses in certain industries,
including businesses in professional services, construction, real
estate and agriculture, among other businesses. This, despite the
Court's recent ruling against BP requiring it to make such payments.
The Court's opinion can be found by clicking here.
As of March 11, 2013, The Court's claims administrator has awarded
businesses -- which include non-profit entities also -- a total of
$1,211,741,717. With over 12 months to make claims, KSF believes that
BP dramatically underestimated how much money would be due to Gulf
South businesses, and is now attempting to limit payments despite the
Court's decision against it. KSF and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., are actively fighting BP
through the Settlement program over its attempt to exclude such
businesses and we anticipate that we will be victorious, consistent
with the Court's decision.
Kahn Swick & Foti's managing partner Lewis Kahn is leading the firm's
BP Claims division. Mr. Kahn may be reached direct toll free
1-877-4BP-CLAIM. The firm maintains a separate website,
www.bpbusinessclaim.com, providing information on the BP claims
process and requirements.
The law firm of Kahn Swick & Foti has dedicated significant resources
to handle the BP claims process. KSF is a national law firm, based in
Madisonville, LA, and has recovered over $200 million in complex
commercial litigation in recent years. The firm provides free
consultations, and works on contingency whereby it only collects a
fee and its expenses if it secures a recovery for its clients.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
or after hours via cell phone 504-301-7900
206 Covington St.
Madisonville, LA 70447
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