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: [email protected]       

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
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, will go over the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, applicatio...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.