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.    

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
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...