Posted On: March 16, 2012

Frequently Asked Questions Regarding Deepwater Horizon Medical Benefits Settlement

These FAQs provide general information regarding the Agreement-in-Principle reached on
March 2, 2012 between the Plaintiffs' Steering Committee and BP. It is important to keep in mind that:

The Parties to the Agreement-in-Principle are attempting to complete a final Settlement Agreement to be submitted to the Court by April 16, 2012. Details are still being completed by the Parties for inclusion in the final Settlement Agreement. If the Parties are able to timely complete the final Settlement Agreement and it receives preliminary approval from the Court, then a detailed, court-approved notice program will be initiated and detailed information about the final Settlement Agreement will be available for class members.

These FAQ s summarize aspects of the Agreement-in-Principle. They are not a complete discussion of that Agreement. The information in these FAQs may be subject to change based upon the terms of the final Settlement Agreement, if it is reached by the Parties.

This FAQ is preliminary, subject to change, and is not approved by the Court. THIS FAQ IS DRAFTED BY THE MDL 2179 PLAINTIFFS' STEERING COMMITTEE.

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Posted On: March 16, 2012

Frequently Asked Questions Regarding Deepwater Horizon Economic and Property Damages Settlement

These FAQs provide preliminary general information regarding the Agreement-in-Principle reached on March 2, 2012 between the Plaintiffs' Steering Committee and BP. It is important to keep in mind that:

The Parries to the Agreement-in-Principle are attempting to complete a final Settlement Agreement to be submitted to the Court by April 16, 2012. Details are still being completed by the Parties for inclusion in the final Settlement Agreement If the Parries are able to timely complete the final Settlement Agreement and it receives preliminary approval from the Court, then a detailed, court-approved notice program will be initiated and detailed information about the final Settlement Agreement will be available for class members.

These FAQs summarize aspects of the Agreement-in-Principle. They are not a complete discussion of that Agreement. The information in these FAQs may be subject to change based upon the terms of the final Settlement Agreement, if it is reached by the Parties.

These FAQs are being made available because many potential class members have raised questions before the final Settlement Agreement is completed. These FAQs are intended to provide general background regarding the transition from the GCCF to the new settlement claims facility and the types of Claims which will be available for processing in the new facility.

This FAQ is not intended to serve as official notice, and has not been approved by the Court, and is preliminary, and subject to change.

THIS FAQ IS DRAFTED BY THE MDL 2179 PLAINTIFFS' STEERING COMMITTEE.

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Posted On: March 13, 2012

Plaintiffs Reach Settlements with BP

On Friday, March 2, 2012, the Plaintiffs Steering Committee was able to negotiate a settlement of claims with BP prior to the much anticipated trial set to begin on March 5, 2012. Two separate settlements were negotiated, which will provide much needed relief to plaintiffs who suffered economic losses, as well those with medical claims. The settlements will be administered by the District Court for the Eastern District of Louisiana, and seek to fairly compensate individuals affected by the April 20, 2010 disaster. The settlement does not have a cap, which means all claims will be assessed fairly for their own value, as opposed to getting a portion of a settlement pool. BP, as required by United Kingdom regulations, has estimated the cost of the settlement at $7.8 billion.

The settlements include claims that were not previously paid by the Gulf Coast Claims Facility, the organization set up by BP to administer the $20 billion claims fund set up in 2010. These include claims for loss of use and enjoyment of water front property and medical claims. One key aspect of the economic loss settlement is that it recognizes a “one size fits all” approach will not work, and has set forth provisions which seek to fairly compensate the victims of this disaster. The medical claims settlement not only compensates for injuries, but also sets forth a medical consultation program, which provides that the injured are seen by healthcare professionals for the next 21 years. The settlement will also fund an outreach program, which will promote physical, mental, and behavioral health in areas affected by the oil spill.

If you feel you were impacted by the BP Oil Spill and you wish to learn more about your legal rights and the settlement process, you should consider contacting an attorney. Thornhill Law Firm, A PLC has experience with large class action settlements, and for information on how we can help, please contact our office at (985) 641-5010 or by using the Contact Us form on our website.

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