Welcome!

News Feed Item

Legal-Bay Lawsuit Settlement Funding Expects B.P. Economic Claims Appeal Case to End at U.S. Supreme Court

B.P. Claim Funding Firm says delays in 5th Circuit have increased applications by law firms, CPA firms, and business owners who need cash advances from their pending cases

NEW ORLEANS, Feb. 17, 2014 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they believe the British Petroleum Inc. Business Economic Loss (BEL) Claims settlement will eventually make its way to the U.S. High Court under a Writ of Certiorari.  The issues revolve around constant legal wrangling by B.P. to drastically alter the landmark settlement, by claiming that the settlement is not being interpreted correctly, and is therefore unconstitutional to allow claimants to collect money in which no financial injury has actually occurred.   

(Logo: http://photos.prnewswire.com/prnh/20140217/PH66152LOGO )

The legal appeals and opinions by the appellate judges have been complex and at times conflicting, says Legal-Bay, with at least 3 judges at some point favoring B.P. on "partial issues".  However in New Orleans, U.S. District Court Judge Barbier has been the one constant who believes B.P.'s tactics are "disappointing" based on the spirit of the negotiations – which was to assist a large number of businesses and settle on a "global" level to avoid lengthy litigation.  Through all of the uncertainties, Legal-Bay continues to fund all businesses waiting on B.P. Settlement Claim checks to be paid.  This list includes: law firms, CPA firms, and all businesses in Alabama, Florida, Louisiana, Mississippi, and Texas with claims pending in the B.P. Claim Center – considered to be Opt-in cases.  For more information on Legal-Bay's B.P. Funding, log onto: http://lawsuitssettlementfunding.com/bp-gulf-lawsuit-settlement-funding.php .

Chris Janish, CEO of Legal-Bay, commented about the current state of the B.P. Litigation, "The aggressive legal challenges by B.P. have scared off most B.P. Pre-Settlement Funding companies due to constant uncertainty of when payments will be received.  We are of the belief that the settlement has enough possible constitutional issues, and that the settlement appeal will eventually end up on the steps of the U.S. Supreme Court.  The process will continue to be slow, and payments will be delayed.  However, we strongly believe in the end that the settlement will not be drastically altered and B.P. will be compelled to live with the deal they signed."    

Legal-Bay has seen a dramatic rise in B.P. law firms and CPA firm applicants who have hundreds of millions ($100MM) of potential B.P. BEL settlements for clients and need operating cash to continue to run their firm until these fees are collected.  "Simply put, the law firms are keenly aware that the B.P. watershed is still far on the horizon and they need a life line to get them to the ultimate finish line," added Mr. Janish.   To learn more about Legal-Bay's attorney funding loans program, log on to: http://lawsuitssettlementfunding.com/attorney-lawsuit-loans-and-funding-products.php .

Legal-Bay is offering several programs for B.P. business claim owners including: traditional lawsuit loans, B.P. Settlement Funding, and B.P. business lines of credit for any and all businesses that have anticipated a certain B.P. Settlement check amount.  Legal-Bay and its funding partners can commit to a quick lawsuit cash advance in 48 hours in amounts up to $100K, with no credit checks or monthly payments; this funding is not to be considered a lawsuit loan, and plaintiffs only need to repay if they win their B.P. Settlement.  Larger business lines of credit or law firm case funding amounts are typically on a recourse basis in amounts up to $1MM and take approximately 5-7 days to approve. 

To apply for a B.P. Claim settlement funding for you or your business, feel free to apply online directly at Legal-Bay.com or at: http://lawsuitssettlementfunding.com.  To apply by phone, call Legal-Bay's toll free hotline at 877.571.0405 to speak with a live agent.    

Contact:

Patty Kirby, COO/Head of Client Relations


Ph. 877.571.0405   Email: info@legal-bay.com       

SOURCE Legal-Bay LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Zerto exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clouds. The company’s flagship product, Zerto Virtual...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often un...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.