BP oil spill settlement payments exceed $1B mark
NEW ORLEANS (AP) — Businesses and individuals who claim BP’s oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company’s class-action settlement with a team of private plaintiffs’ attorneys, court-supervised claims administrator Patrick Juneau said.
The $1 billion that Juneau’s team has paid is for claims that were filed after the settlement was announced last year. They also paid an additional $404 million for claims that Juneau inherited after replacing the Gulf Coast Claims Facility led by Kenneth Feinberg.
The GCCF processed about 221,300 claims following the 2010 spill and paid out more than $6 billion before the court-supervised claims process was established in June 2012.