Do you own a company in Alabama, Florida, Mississippi or Louisiana? Did your revenues decrease in 2010? You might have a VERY viable claim to assert in the BP settlement, and we aren't talking about peanuts. Many claims range in the high five figures and up.
How do you know? You simply have to have your monthly Profit and Loss (P & L) reports evaluated. Accountants and economists can determine whether or not you meet the causation requirement of the settlement agreement simply by analyzing your monthly P & L statements from 2007 through 2011.
Why 2007? It doesn't have to be, but it gives the best picture of the BP Oil Spill effect on your business. What do you have to show? You have to show that your revenues decreased by 15% from 2009 to 2010 (or you can take an average of 2008 and 2009 or 2007, 2008 and 2009). It is based upon a three (3) month period evaluation. Your revenues had to bounce back by 10% from 2010 to 2011. This "V" shaped pattern shows the clear effect of the BP Oil Spill on your business.
There is a causal connection, and BP has acknowledged this in the settlement agreement. There are billions of dollars set aside for all of the businesses which have had significant losses.
Many accountants and law firms are currently evaluating potential claims. Our firm is providing free evaluations, and if the proper parameters are met, we will file the claim on a contingent basis – no cost to the company unless a recovery is made.
If you own a business, do yourself a favor and get an evaluation done by the appropriate law firm. If you don't, you might be giving away a substantial settlement, and when you do, the only company which benefits is BP – all funds will revert back to them if not claimed. At the very least, make your claim and give the money to an environmental charity.