Saturday, February 12, 2011

BP settles 2,000-plus claims

WASHINGTON -- The administrator of the BP escrow fund will settle more than 2,000 claims of damage from last year's oil spill from hotels, oystermen, condominium owners and others from Louisiana to Florida. Individual payments will range from $10,000 to $30 million, according to a lawyer for the claimants.
The claimants who will get payments include small-time oystermen, New Orleans Saints coach Sean Payton and the upscale Sandestin Golf and Beach Resort, said Daniel Becnel, a Louisiana lawyer who helped negotiate the deals. Payments will also go to 900 condominium owners and 50 commercial establishments such as hotels, motels and restaurants.

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