GCCF Makes “Four Times” Payment Methodology Retroactive To Those Who Previously Accepted “Two Times” Payment Offers
As expected and previously communicated by SSA (see SSA’s December 21, 2011 Member Alert: http://www.shrimpalliance.com/?p=1023), the Gulf Coast Claims Facility (GCCF) has made the decision to apply the “four times 2010 losses” methodology for claimants in the shrimp and crab industries to claimants who previously settled for “two times 2010 losses.” Following the GCCF’s November 30, 2011 announcement to increase […]
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Court Limits Impact of Previously Ordered 6% Hold-back on GCCF Claims
On January 18, 2012, the United States District Court for the Eastern District of Louisiana issued an Order Amending and Superseding the Court’s Previous Orders of December 28, 2011, and January 4, 2012 related to a 6% hold-back requirement on all payments made by or on behalf of defendants in the Multidistrict Litigation (MDL), including payments made by the GCCF. […]
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DOJ Challenges 6% Holdback of Final Payments Made by GCCF
In a court filing on January 12, the Department of Justice challenged the decision by U.S. District Court Judge Carl Barbier to set aside six percent of all claims payments made by the GCCF after December 30. The money set aside would be held in escrow to fund expenses of trial lawyers affiliated with the plaintiff’s steering committee in litigation […]
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SSA Confident that GCCF Will Apply Final Payment Methodology Modifications to Claimants Who Previously Accepted Final Offers
On November 30, 2011, the GCCF announced modifications to the final payment methodology for members of the shrimp and crab industries who have been harmed by the BP oil spill. Specifically, for claimants in these industries, those modifications would increase final payment amounts from two- to four-times demonstrated losses. However, the GCCF also noted that the modifications would not apply […]
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SSA Letter to Ken Feinberg Regarding GCCF Modifications to Shrimp Industry Final Payment Methodology
On December 13, 2011 the Southern Shrimp Alliance sent a letter to GCCF Administrator Ken Feinberg, providing comments to his recent modifications to the final payment methodology for members of the shrimp and crab industries who have been harmed by the BP oil spill. SSA thanked him for increasing final payment amounts from two to four times demonstrated losses, and […]
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Important Information Regarding GCCF Claims
As reported last week, the Gulf Coast Claims Facility (“GCCF” or “Facility”) has revised its final payment methodology for claimants in the shrimp and crab industries. A summary of these changes and a link to the GCCF web site can be found at our website, http://www.shrimpalliance.com/?p=968. Since last week’s announcement, we have received considerable feedback on the GCCF’s revision. In […]
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Gulf Coast Claims Facility Announces Changes to Compensation Formula for Shrimpers
The Gulf Coast Claims Facility (GCCF) today announced changes to the compensation formula applied to all claims from commercial shrimp and crab harvesters and processors currently under review that have not yet been determined or accepted and for all claims received on or after November 30, 2011. Per today’s announcement, the following rules for compensation will now be applied to […]
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Important Information for Shrimpers Who Worked in BP’s Vessels of Opportunity (VOO) Program
In compensating shrimp fishermen and other claimants for economic loss, the Gulf Coast Claims Facility (GCCF) has not offset compensation earned from the VOO program from economic loss awards. In a September 21, 2011 letter to the GCCF, BP’s counsel stated that BP views the GCCF’s failure to offset such amounts as a violation of the Oil Pollution Act of […]
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Expediting the GCCF Claims Process
Over the past year, the Southern Shrimp Alliance has maintained an open dialogue with Ken Feinberg and others within the GCCF. SSA’s communications with the GCCF have been on behalf of the shrimp industry as a whole, with a focus on ensuring that all in the industry who have been impacted by the Deepwater Horizon oil spill are compensated fairly […]
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SSA Highly Critical of Gulf Coast Claims Facility’s Proposed Payment Methodology
Tarpon Springs, FL—The Southern Shrimp Alliance criticized major elements of the Gulf Coast Claims Facility’s (GCCF) proposed methodology to govern how individuals who have been economically injured as a result of the Deepwater Horizon oil spill would be compensated in exchange for releasing and waiving any claims that he or she may have against BP and all other potentially responsible […]