Deepwater Horizon

Time 2021-08-20 19:07:22

Web Name: Deepwater Horizon

WebSite: http://deepwaterhorizoneconomicsettlement.com

ID:188430

Keywords:

Deepwater,Horizon,

Description:

MDL 2179 In re: Oil Spill by the Oil Rig "Deepwater Horizon" in Gulf of Mexico on April 20, 2010 – Official Court-Authorized Website.Welcome to the Claims Administration Website for the Deepwater Horizon Economic & Property Damages SettlementEffective November 20, 2017, claimants will have the ability to request Re-Review only when the request relates to Claimant Accounting Support following the issuance of an Eligibility Notice for a Business Economic Loss or Individual Economic Loss claim. In all other circumstances, the option for requesting Re-Review will no longer be available. The option to request Reconsideration will still be available for claimants who have not yet used it. The Settlement Program has updated the applicable sections of the Eligibility and Denial Notices and adopted an updated version of Policy 309 (Re-Review Process) to reflect this change. Click here to access a copy of Policy 309 v.2.Court Approved Procedure for Resolving Facially Payable Claims, Unresolved Third Party Claim Disputes, and Claims Subject to BankruptcyThe Settlement Agreement directs the Claims Administrator to receive and process all submitted claims to a final status of paid, denied, or otherwise closed without payment. The Settlement Agreement does not establish any deadlines for the Claims Administrator to issue payments. This means that the Settlement Program does not impose a deadline for a Claimant to accept the Claims Administrator’s determination that a claim is eligible for payment, submit other information required to pay such a claim, resolve a Third Party Claim dispute, or satisfy bankruptcy requirements. Throughout the course of the Settlement Program, the Claims Administrator has observed that some Claimants do not accept his determination and/or do not provide other information required to pay eligible claims even after multiple attempts to obtain it. All such claims that have been fully and finally determined to be payable (i.e., all opportunities for Re-Review, Reconsideration, Appeal, etc., as well as any applicable deadlines to request the same have expired) and are no longer subject to the claims review process are “Facially Payable Claims.” The Claims Administrator will resolve and finalize Facially Payable Claims (as well as unresolved Third Party Claim disputes and Claims subject to bankruptcy) pursuant to Court Approved Procedure 5 which can be found here. Effective for all Incompleteness and Follow-Up Incompleteness Notices dated October 23, 2017 or later, the Deadline for Response has been reduced from 30 days to 15 days after the date of the notice. The Settlement Program has updated the applicable sections of the Incompleteness and Follow-Up Incompleteness Notices and adopted an updated version of Procedure 469 (Processing Incomplete Claims) to reflect this change. Click here to access a copy of Procedure 469 v.2.In January 2016, the Court approved the Seafood Residual Distribution Plan established in accordance with the Court-Designated Neutrals’ Recommendations. This is the final distribution of the funds remaining in the $2.3 Billion Seafood Compensation Fund.Click here for an Alert about the Seafood Compensation Program Residual Distribution.The Deepwater Horizon Economic and Property Damages Settlement (the "Settlement Program") is no longer accepting new Claim Forms. The final claim filing deadline was midnight Prevailing Central Time on June 8, 2015. Click here for an Alert about the June 8, 2015, claims submission deadline and how to submit any claims to the DWH Program timely.On July 24, 2014, the Claims Administrator approved Policy 70 v.2, following deferral by Class Counsel and BP. The goal of this Policy is to provide the Claims Administrator with the ability to confirm the veracity of Tax Information Documentation submitted by a Claimant in support of a claim, as permitted within several Exhibits to the Settlement Agreement (e.g., Exhibits 4A, 8A, and 10). According to this Policy, all Claimants 1) that file new claims on or after July 24, 2014 and 2) that rely upon Tax Information Documentation in support of those new claims, will be required to file a signed and contemporaneously dated IRS Form 4506 and Form 4506-T, authorizing the Claims Administrator to verify the Tax Information Documentation with the IRS. Moreover, as to all claims filed prior to July 24, 2014, Claimants will be required to provide Forms 4506 and 4506-T only upon specific request by the Claims Administrator, as the Claims Administrator determines to be necessary or desirable in his discretion, which process is consistent with Policy 70 v.1. You can access a copy of the Policy 70 v.2 here. Under the terms of the Deepwater Horizon Economic and Property Damage Settlement Agreement (“Settlement Agreement”), the Claims Administrator is charged with the duty to “faithfully implement and administer the Settlement, according to its terms and procedures, for the benefit of the Economic Class, consistent with this Agreement, and/or as agreed to by the Parties and/or as approved by the Court.” (Section 4.3.1 of the Settlement Agreement). Further, the Claims Administrator is charged with the responsibility to “work with Economic Class Members . . . to facilitate . . . assembly and submission of Claims Forms, including all supporting documentation necessary to process Claims Forms under the applicable Claims Processes . . . [and to] provide Economic Class Members with assistance, information, opportunities and notice so that the Economic Class Member has the best opportunity to be determined eligible for and receive the Settlement Payment(s) to which the Economic Class Member is entitled under the terms of this Agreement.” (Section 4.3.7 of the Settlement Agreement). In accordance with these provisions, the Claims Administrator has adopted numerous policies affecting the administrator of claims under the Settlement Program. Click Here for more information regarding these Approved Policies. Orders Regarding Adoption of Policy No. 495 and Dissolution of the Preliminary InjunctionOn May 5, 2014, the District Court approved Policy 495, which policy was developed and adopted by the Claims Administrator to administer BEL claims in which the claimant’s financial records do not match revenue with corresponding variable expenses, pursuant to directives of the Fifth Circuit Court of Appeals. Subsequently, on May 28, 2014, consistent with judgments entered by the Fifth Circuit Court of Appeals on the same date, the District Court issued an Order dissolving its preliminary injunction related to BEL claims, which Order included instructions for the implementation of Policy 495. You can access a copy of the District Court’s orders here. Click here to read the complete Alert with additional information. Fifth Circuit Court of Appeals Ruling on the Approval of the Settlement AgreementThe District Court issued an Order on 12/21/12 certifying the Economic and Property Settlement Class and granting final approval of the Economic and Property Damages Settlement Agreement. On 1/10/14, a three judge panel for the Fifth Circuit Court of Appeals affirmed the District Court’s Order. Click here to read the Fifth Circuit Court of Appeals ruling.On January 30, 2013, the Court issued an Order Providing for Structured Settlement Option and Amendment to Release, which will provide claimants with payable claims with the option to elect a Structured Settlement. For more information about this Structured Settlement option click here. If you are considering this Structured Settlement option, you must read the instructions before responding to your Eligibility Notice. The Economic & Property Damages Settlement resolves certain economic loss and property damage claims related to the 2010 Deepwater Horizon oil spill. If you are included in this Settlement, you could receive money if you were harmed by the oil spill in one or more of the following categories:On December 21, 2012, 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.If you received a 60% Final Payment Offer during the GCCF/Transition and would like information on your options, including how to request the 40% balance now in exchange for an Executed Release, click here.If you were a clean-up worker or a resident of certain coastal areas after the Deepwater Horizon oil spill, you may also be included in the Medical Benefits Settlement. To learn more, click "Go to Medical Settlement Website" in the bar above.*****Email any questions you have about the Economic & Property Damages Settlement to Questions@dhecc.com.

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The Economic & Property Damages Settlement resolves certain economic loss and property damage claims related to the 2010 Deepwater Horizon oil spill. If you are included in this Settlement, you could receive money if you were harmed by the oil spill in one or more of the following categories: Seafood Compensation Program, Individual Economic Loss, Individual Periodic Vendor or Festival Vendor Economic Loss, Business Economic Loss, Start-up Business Economic Loss, Failed Business Economic Loss, Coastal Real Property, Wetlands Real Property, Real Property Sales, Subsistence, VoO Charter Payment, Vessel Physical Damage

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