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 to claimants who had previously accepted final payment offers and signed the required release.
On December 13, 2011, SSA sent a letter to GCCF Administrator Ken Feinberg urging him to reopen the claims of those who had already accepted final payment offers in order to give them the benefit of the November 30 modifications (click here for SSA’s December 13 letter). Since that letter was sent, communications with Mr. Feinberg have given SSA reason to be optimistic that the GCCF is inclined to reopen the claims of those shrimpers who previously accepted a payment calculated under the “two-times” methodology in order to give them the benefit of the “four-times” methodology.
Although the GCCF has not yet finalized a decision on this issue, the indications we have received back are positive enough that we are optimistic that such a decision will be forthcoming in the near future. Because we found this news to be very promising, we wanted to share it with our members and give them one more reason for hope and optimism heading into this Christmas holiday.
Merry Christmas and happy holidays!