New Orleans, LA -- On the eve of trial, the Plaintiff’s Steering Committee (PSC) and BP reached a settlement and presented a proposed 1,200 plus page Settlement Agreement. The Settlement Agreement eliminated the controversial GCCF and created the new Deepwater Horizon Settlement Program managed by Pat Juneau and supervised by Judge Barbier.
Shelby Roden has submitted over 700 claims for businesses with economic losses and 500 claims for property owners on the Gulf, totaling over $200 million dollars in damages. The Settlement Program was designed to be claimant-friendly and objective. Claims have a set criteria from the Settlement Agreement, with clear (but complicated) damage formulas and document requirements.