BP Oil Spill Claims Software - Full Steam Ahead After Fairness Hearing!
IT Strategies Group applauds the results of the November 8th Fairness Hearing with the Deepwater Horizon Settlement Authority and Judge Carl Barbier
/EINPresswire.com/ Fort Lauderdale, Florida. Panama City, Florida, New Orleans, Louisiana, Mobile, Houston, Texas , Montgomery Alabama, And Jackson, Mississippi - November 15, 2012 --
The Fairness Hearing on November 8, 2012 confirmed that the Deepwater Settlement Authority is here to stay and claimants are being paid! During the Fairness Hearing, Patrick Juneau, Settlement Administrator announced that the claims facility has received 79,008 claims from 62,000 claimants; of those, over 36,000 claims were approved for over $1.3 billion dollars with approximately 95% of those claimants accepting payment offers in line with the terms in the Settlement Agreement.
"There was never much concern from our clients that Judge Barbier would stand tall and stick to his guns with the Settlement Agreement. Many of our clients got significant payment offers over the last few months from the DWHS which strengthened their position that this was a green light. However, the shadow of a doubt was in the minds of a select group of prospective clients as to what they would do if the Fairness Hearing went differently. Thankfully, everything went the way that everyone was hoping and we are Full Steam Ahead now!" said Craig Sienema, VP of Operations for IT Strategies Group and the Oil Claim Calculator.
The objectors who sought to 'Opt Out' of the Settlement Agreement to reach potentially more favorable terms were disappointed when they were advised that Judge Barbier and the Plaintiff's Steering Committee had no plans of deviating from the 1033 page Settlement Agreement which was designed to accommodate all parties to the suit. Much to the disappointment of objectors to the historic Settlement Agreement, U.S. District Judge Carl Barbier and attorneys for both BP and plaintiffs seemed upbeat and positive at the November 8th Fairness Hearing in New Orleans. In an atmosphere far from antagonistic, both sides praised the other about the professionalism with which the parties negotiated the Settlement Agreement.
The Oil Claim Calculator (OCC) is an easy-to-use, cloud based software solution that allows individuals, attorneys, and accountants to calculate BP claims in accordance with the Settlement Agreement.
"Typically, the amount of time that it takes to calculate and generate a BP claim report WITH the Oil Claim Calculator Software ranges from 10 minutes to a few hours. WITHOUT the OCC software, the typical time that it takes to calculate and generate a BP Claim report ranges from 15 hours to over 40 hours per claim. The time savings and accuracy of the Oil Claim Calculator software is revolution for all parties involved.," said Daniel S. Jacobs, VP of Sales for IT Strategies Group and the Oil Claim Calculator.
The Oil Claim Calculator(R) is a time-saving, patent-pending, revolutionary software tool that allows BP Oil Spill Claims to be calculated in a consistent and accurate fashion that outputs a standardized claim report for each file in accordance with the methodologies of the new Settlement Authority. This software is a must have for any professional services firm that helps those families and businesses affected by the Deepwater Horizon Oil Spill, such as law firms, accounting firms, and claims preparation firms.
The Deepwater Horizon Settlement Authority is now up and running and started making payment offers to the affected more than two weeks ago. The Oil Claim Calculator software is the engine that allows law firms, accounting firms, and claims preparation firms to prepare claims and file them for the affected in record time with calculations that are razor-sharp in accuracy and consistency in record time.
About IT Strategies Group
ITSG is a privately held company that has over 25 years of experience in technological developments and specialized areas of computing, including the very latest in Applications & Software Design, Storage & Disaster Recovery, Virtualization & Cloud Computing, Security & Compliance, Network Infrastructure & Design, Managed Services. IT Strategies Group is most famous for inventing the patent pending Oil Claim Calculator(R). ITSG is headquartered in Fort Lauderdale, Florida and has offices in Fort Lauderdale, FL, Panama City Beach, FL, and Destin, FL. For more information, please contact our sales department at sales@itstrategiesgroup.com, call 1 800 294 0387 or visit the Oil Claim Calculator Home Page at www.oilclaimcalculator.com or follow us on Twitter at https://twitter.com/OilClaimCalcula
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/EINPresswire.com/ Fort Lauderdale, Florida. Panama City, Florida, New Orleans, Louisiana, Mobile, Houston, Texas , Montgomery Alabama, And Jackson, Mississippi - November 15, 2012 --
The Fairness Hearing on November 8, 2012 confirmed that the Deepwater Settlement Authority is here to stay and claimants are being paid! During the Fairness Hearing, Patrick Juneau, Settlement Administrator announced that the claims facility has received 79,008 claims from 62,000 claimants; of those, over 36,000 claims were approved for over $1.3 billion dollars with approximately 95% of those claimants accepting payment offers in line with the terms in the Settlement Agreement.
"There was never much concern from our clients that Judge Barbier would stand tall and stick to his guns with the Settlement Agreement. Many of our clients got significant payment offers over the last few months from the DWHS which strengthened their position that this was a green light. However, the shadow of a doubt was in the minds of a select group of prospective clients as to what they would do if the Fairness Hearing went differently. Thankfully, everything went the way that everyone was hoping and we are Full Steam Ahead now!" said Craig Sienema, VP of Operations for IT Strategies Group and the Oil Claim Calculator.
The objectors who sought to 'Opt Out' of the Settlement Agreement to reach potentially more favorable terms were disappointed when they were advised that Judge Barbier and the Plaintiff's Steering Committee had no plans of deviating from the 1033 page Settlement Agreement which was designed to accommodate all parties to the suit. Much to the disappointment of objectors to the historic Settlement Agreement, U.S. District Judge Carl Barbier and attorneys for both BP and plaintiffs seemed upbeat and positive at the November 8th Fairness Hearing in New Orleans. In an atmosphere far from antagonistic, both sides praised the other about the professionalism with which the parties negotiated the Settlement Agreement.
The Oil Claim Calculator (OCC) is an easy-to-use, cloud based software solution that allows individuals, attorneys, and accountants to calculate BP claims in accordance with the Settlement Agreement.
"Typically, the amount of time that it takes to calculate and generate a BP claim report WITH the Oil Claim Calculator Software ranges from 10 minutes to a few hours. WITHOUT the OCC software, the typical time that it takes to calculate and generate a BP Claim report ranges from 15 hours to over 40 hours per claim. The time savings and accuracy of the Oil Claim Calculator software is revolution for all parties involved.," said Daniel S. Jacobs, VP of Sales for IT Strategies Group and the Oil Claim Calculator.
The Oil Claim Calculator(R) is a time-saving, patent-pending, revolutionary software tool that allows BP Oil Spill Claims to be calculated in a consistent and accurate fashion that outputs a standardized claim report for each file in accordance with the methodologies of the new Settlement Authority. This software is a must have for any professional services firm that helps those families and businesses affected by the Deepwater Horizon Oil Spill, such as law firms, accounting firms, and claims preparation firms.
The Deepwater Horizon Settlement Authority is now up and running and started making payment offers to the affected more than two weeks ago. The Oil Claim Calculator software is the engine that allows law firms, accounting firms, and claims preparation firms to prepare claims and file them for the affected in record time with calculations that are razor-sharp in accuracy and consistency in record time.
About IT Strategies Group
ITSG is a privately held company that has over 25 years of experience in technological developments and specialized areas of computing, including the very latest in Applications & Software Design, Storage & Disaster Recovery, Virtualization & Cloud Computing, Security & Compliance, Network Infrastructure & Design, Managed Services. IT Strategies Group is most famous for inventing the patent pending Oil Claim Calculator(R). ITSG is headquartered in Fort Lauderdale, Florida and has offices in Fort Lauderdale, FL, Panama City Beach, FL, and Destin, FL. For more information, please contact our sales department at sales@itstrategiesgroup.com, call 1 800 294 0387 or visit the Oil Claim Calculator Home Page at www.oilclaimcalculator.com or follow us on Twitter at https://twitter.com/OilClaimCalcula
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