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The Potential Benefit of the BP Claims Process

Posted By Michael Swick, Kahn Swick & Foti, LLC, Sunday, March 10, 2013

Earlier this year, my business partner Lewis Kahn and I were invited to speak at a local gathering of a small nonprofits out here in St. Tammany Parish.

 

The topic of our talk was the potential benefit to nonprofits in filing a claim with BP under this year's limited opportunity program to reimburse charities for expenses incurred while responding to the oil spill disaster of 2010.  

The event was attended by 10-12 local nonprofit representatives. One nonprofit in particular didn't necessarily think they had a claim but agreed to let our firm review their historical finances, just to be sure.

Because the claims process is so complex, we're still analyzing the full potential of their claim, but it looks like they could well claim over one million dollars, and possibly several times that amount.

Millions of dollars to one nonprofit... Not only is the size of the potential award staggering, but it’s shocking that but for our efforts to educate nonprofits to what is available, they might never have known.

I don’t think there is anything more important to any nonprofit in the Gulf South right now than having these potential claims reviewed. No other program is going to have such a high probability of substantial award and such a low opportunity cost: effectively the cost of e-mailing a few years' of tax returns and P/L statements.

The amount of money available to LANO members could have an historic effect on nonprofits in this region.

Please join us coming Friday in Baton Rouge for a free 'lunch & learn' to find out more about this program.  Space is limited so please register early.  

[Lunch & Learn on BP Claims] 

-Michael Swick

LANO Member, the Law Firm of Kahn, Swick & Foti

 

Tags:  BP Settlement 

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