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Provost Umphrey 50th Anniversary

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BP Business Settlements

January 12, 2015 Update: On December 8, 2014 the United States Supreme Court denied BP's effort to overturn the settlement with gulf coast residents and business consistent with findings of the 5th Circuit and District Court Judge Barbier that BP had voluntarily entered into an enforceable settlement. If your 2007-2011 business revenues meet the settlement profile, damages and causation are assumed. Provost*Umphrey is assisting hundreds of businesses with the settlement claim process, including: doctors and hospitals, restaurants and hotels, all professional practices, dealerships and franchises, manufacturing and industrial service companies and community charities.

April 3, 2014 Update: U.S. Chamber of Commerce Supports BP's Efforts to Renege on Settlement Agreement. Virtually all of Provost Umphrey's BP clients are members of local chambers of commerce. We were disappointed to see the National Chamber submit a legal brief supporting BP's attempts to renege on the causation protocols included in the Settlement. We feel this was directly contrary to the best interests of the Chamber's members and the general public.

Administrator Juneau issue Policy 495 - Matching Expense to Revenues. BP says that it won't appeal the new policy. Subject to Judge Barbier's review, claim processing could begin within the next 3-6 days.

Memo on Juneau's Matching Protocol Policy 495

Policy 495: Business Economic Loss Claims: Matching of Revenue and Expenses

Timeline of Events

January 11, 2013 Update: On this date, the Court issued an Order and Reasons and Order and Judgment certifying the Medical Benefits Settlement Class and granting final approval of the Medical Benefits Class Action Settlement.

December 21, 2012 Update: On this date, the Court issued an Order and Reasons and Order and Judgment certifying the Economic and Property Settlement Class and granting final approval of the Economic and Property Damages Settlement Agreement.

BP Business Litigation

A court-ordered settlement agreement between British Petroleum and the Court mandates if business owners can show an 8% drop in GROSS REVENUES for any three-month period between April 2010 and December 2010 when compared to the same period in 2009, 2008-2009 OR 2007-2009 followed by a modest 5% rebound in 2011 (same period), they may qualify for a Settlement Payment.

Provost-Umphrey has joined with other attorneys along the Gulf Coast to help business owners in the Jefferson, Orange, Galveston and Chambers counties seek compensation for their business losses. BP has set aside Billions to compensate qualifying claims. Call us for a analysis of your claim.

Affected Areas: Orange, Jefferson, Chambers, Galveston

If you own a business or have a business branch in any ONE of these counties, you could qualify.

Over 2000, of your fellow Texas business owners have received approximately $52,000,000 in claim payments. Claims Paid to Date:

  • Orange - 34 claims; $987,418.42
  • Chambers - 50 claims; $2,179,069.97
  • Jefferson - 805 claims; $19,431,115.10
  • Galveston - 1,160 claims; $29,483,492.51

We have extensive experience in many areas, including:

  • Business economic loss
  • Seafood compensation
  • Failed business loss
  • Start-up business loss
  • Tourism loss
  • Water operators
  • Vessel damage
  • Coastal property damage
  • Real property loss
  • Wetlands Property loss
  • Subsistence loss
  • Festival vendor loss
  • Individual vendor loss
  • Individual economic loss

Most Texas Businesses will be required to show a 15 percent drop in gross revenues for any 3-month period between April 2010 and December 2010, when compared to the same period in 2009, 2008-2009 or 2007-2009, followed by a 10 percent rebound in 2011 (same period). Other claims can qualify if supported by additional evidence of customer patterns.