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Letters to the Editor: THANK YOU AND GOD BLESS CEDAR KEY PATRIOTIC VOLUNTEER FIRE DEPT.
July 5th, 2012

Letters to the Editor: Letter To Editor
May 17th, 2012

Letters to the Editor: To the voters and citizens of Cedar Key
May 14th, 2012

Letters to the Editor: Thanks To Mandy
May 4th, 2012

Letters to the Editor: Sidewalks & Trash
April 26th, 2012

Letters to the Editor: Response To The Chamber
April 25th, 2012

Letters to the Editor: Oil Spill Claims
April 21st, 2012

Letters to the Editor: RE: Statement in Advertisement
April 20th, 2012

Letters to the Editor: STAND YOUR GROUND
April 13th, 2012

Letters to the Editor: An Ounce of Prevention, is worth…..
April 9th, 2012

Letters to the Editor: Systemic Pesticide
March 18th, 2012

Letters to the Editor: After TNR - What next?
March 10th, 2012

Letters to the Editor: Letter To Editor - Halloween Resolution
February 24th, 2012

Letters to the Editor: Presidential Politics in the New South
January 17th, 2012

Letters to the Editor: Letter To Editor - Cedar Key Oysters
January 9th, 2012

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Oil Spill Claims

Oil Spill Claims

John L Cooke & Terry Tataru

Multi-District Litigation (MDL) Settlement
New Claims Can Still Be Filed

On March 2, 2012 BP and Plaintiffs` Counsel reached a tentative settlement agreement. On April 18, 2012 the proposed settlement was submitted to the court for approval. The written proposed agreement is now available for the first time. It can be found online at the court`s website at http://www.laed.uscourts.gov/OilSpill/OilSpill.htm


Some important details are now known:


1. Businesses and individuals who have never filed claims or participated in the Multi-District Litigation can still file claims. Any GCCF claimant who has not signed a release can participate in the settlement process.


2. The GCCF (Gulf Coast Claims Facility) will be eliminated. It is being replaced by a Court Supervised Claims Program. That program should be fully implemented and operational in about 30 days.

3. Generally speaking, claimants will be paid a multiple of their lost profits suffered from May through December 2010. The multiplier used depends on the geographic "zone" of the claimant. It appears that Cedar Key is in the A zone. That means that all lost profits from May through December are presumed to be because of the oil spill. Zone A is in the zone with the greatest multiplier. The multipliers vary as per the type of business or industry.


4. It is believed that the new claims program will provide, for most claimants, larger final payments than those available in the GCCF.

Local attorneys Terry Tataru (352-543-6090) and John Cook (352-493-9797) are available to answer questions regarding the new Court Supervised Claims Program, the formulas that will be used and the documents necessary to determine a claim`s value.

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