Attorney General Warns Floridians of Final or Quick Payments from BP

Dec 17 • 1550 Views • View Comments

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TALLAHASSEE, FL – Attorney General Bill McCollum today issued a consumer
advisory warning Floridians about final or quick payments options from BP.
Gulf Coast Claims (GCCF) Administrator Kenneth Feinberg announced the
GCCF’s next phase which will include three payment options: interim
payments, final payments and quick final payments. Claimants accepting of
either of the final payment options would be required to sign an extensive
release that would bar them from future recovery for damages caused by the
Deepwater Horizon Oil Spill.

“I urge all Floridians to proceed with caution when evaluating whether to
accept an offer of final payment from BP,” said Attorney General McCollum.
“I encourage consumers to consult with their counsel before signing any
release.”

Claimants considering making a quick final payment claim should also
evaluate whether their total possible damages exceed the set amount offered
for such claims – $5,000 for individuals or $25,000 for businesses. Due to
the speculative nature of estimating a final claims value and the breadth
of the GCCF release, claimants are advised against accepting any form of
final payment or signing a release without first thoroughly understanding
the GCCF’s terms. Claimants may continue to file interim claims to recover
their currently known damages without having to sign any release.

Information on the Deepwater Horizon disaster can be found online at:
http://www.myfloridalegal.com/deepwaterhorizon.

 

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