Cresskill, NJ: BP cites fraud as a main motivation for pushing back against compensation payouts to plaintiffs from the lawsuit that followed the Gulf Oil Spill of 2010. BP’s objection to alleged fraudulent practices, such as potential misconduct in the claims program, has prevented plaintiffs from receiving their claim payments, and has also prevented attorneys from receiving the legal fees that they are owed.
Plaintiffs and plaintiffs’ attorneys are not the only parties being affected – many Certified Public Accountants (CPAs) involved with the case have experienced delayed fees and are expecting delays to continue into the foreseeable future. To combat this potential cash flow problem, RD Legal Funding, LLC (“RD Legal”) is now financing CPAs with delayed fees associated with BP via their proprietary Fee Acceleration program.
Several sources state that BP has launched an aggressive campaign claiming that the company agreed to a flawed settlement. BP representatives claim that some plaintiffs are being awarded unreasonably large settlement amounts, that BP is paying more to the settlement fund than was previously agreed upon, and that some plaintiffs who are unqualified to receive money from the settlement fund are, indeed, receiving money, among other complaints. While FBI Director Louis Freeh is investigating these allegations, BP is continuing to make attempts to delay the payout process.
RD Legal is ready and able to fund CPAs, plaintiffs, and plaintiffs’ attorneys with our post-settlement funding services. Our Fee Acceleration product, which is usually only reserved for plaintiffs and plaintiffs’ attorneys, is being circumstantially offered to CPAs with slow-paying BP fees as well. Once RD Legal receives all necessary documentation, we can wire funds within a short period of time.
To find out more information about RD Legal’s Fee Acceleration program, please contact Joseph Genovesi, Senior Vice President of Business Development and Origination, at 1-800-565-5177, ext. 140, or fill out the quick form to your right to begin the application process. Founded in 1998, RD Legal is one of the nation’s leading providers of post-settlement funding to attorneys and plaintiffs.