Law Finance Group Continues To Fund Attorneys Who Are Navigating The BP Deepwater Horizon Settlement Program

   Law Finance Group Continues To Fund Attorneys Who Are Navigating The BP
                     Deepwater Horizon Settlement Program

PR Newswire

SAN FRANCISCO, June 24, 2014

SAN FRANCISCO, June 24, 2014 /PRNewswire/ -- Law Finance Group ("LFG")
continues to fund attorneys who are navigating the BP Deepwater Horizon
Settlement Program. Eighteen months after the District Court approved the
Settlement, legal wrangling remains in the way of payments to claimants. LFG
recognizes the effort and financial commitment required to bring claims to
fruition, and can help those working on behalf of injured claimants bridge the
gap to portfolio monetization.

In the interest of its class members, the Plaintiffs Steering Committee is
challenging Policy 495 as adopted by the District Court. This important
effort to maximize recovery may delay payment, and no doubt the ultimate
implementation of matching principles will require additional scrutiny and
more work for the vast majority of claims. In addition, BP's legal maneuvers
against the Settlement persist. Despite the U.S. Supreme Court's recent
denial of BP's request to re-impose a stay on payments of economic loss
claims, the prospect of a petition for certiorari remains. "We are pleased
with the Supreme Court ruling. This certainly will start the ball rolling
again. Unfortunately, the process is sill a long way off from being resolved,
and the Settlement itself continues to be at risk," said Alan Zimmerman, LFG's
CEO. "We remain committed to seeing this through to the end."

About LawFinance Group, LLC

LFG is a lawyer founded and managed licensed finance company. It has been
providing on-demand law-related capital to lawyers and their plaintiffs since
1994, successfully advancing more than $300M in thousands of cases. LFG
advances funds in class action cases, judgments on appeal, cases on remand and
complex settlements.

LFG encourages attorneys with portfolios of economic loss claims to contact
one of its Funding Directors to discuss funding options. For more information
on how LFG can help, please call 1-800-572-1986 / www.lawfinance.com

SOURCE Law Finance Group, LLC

Website: http://www.lawfinance.com
 
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