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Tom Young

BP Business Economic Loss Claim Appeal 2016-1824: Policy 345 Does Not Preclude Owner of Self-Storage Facility from Recovery Because Claimant’s Customer Location Different from Storage Location

The following is an Appeal Panel Decision issued pursuant to Section 6 of the BP Deepwater Horizon Economic & Property Damages Settlement Agreement and the Rules Governing the BP Appeals Process. Links may have been added to assist the reader. The original decision […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1798: No Need To Reallocate End-of-Year COGS Throughout the Year

The following is an Appeal Panel Decision issued pursuant to Section 6 of the BP Deepwater Horizon Economic & Property Damages Settlement Agreement and the Rules Governing the BP Appeals Process. Links may have been added to assist the reader. The original decision […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1791: Zone C Car Dealer Start-Up Claim Fails Upturn Revenue Pattern Plus and Customer Mix Tests

The following is an Appeal Panel Decision issued pursuant to Section 6 of the BP Deepwater Horizon Economic & Property Damages Settlement Agreement and the Rules Governing the BP Appeals Process. Links may have been added to assist the reader. The original decision […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1777: Education Methodology Properly Applied to Dental Assistant Education Program

The following is an Appeal Panel Decision issued pursuant to Section 6 of the BP Deepwater Horizon Economic & Property Damages Settlement Agreement and the Rules Governing the BP Appeals Process. Links may have been added to assist the reader. The original decision […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1764: Related Party Transactions Permissible As Long As At “Arms-Length”

The following is an Appeal Panel Decision issued pursuant to Section 6 of the BP Deepwater Horizon Economic & Property Damages Settlement Agreement and the Rules Governing the BP Appeals Process. Links may have been added to assist the reader. The original decision […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1724: Using Discrete Cash and Accrual P7Ls Does Not Violate Policy 464

The Claims Administrator awarded $178,615.24 to this construction company in Port Charlotte, Florida. Policy 495 criteria were triggered and the Construction Methodology was used to restate the financials. BP appeals, contending that the program accountant erred in utilizing Claimant’s P&Ls […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1717:SP Accountants’ Policy 495 Adjustments to Claimants Cash Basis Accounting Negates BP’s Appeal

The following is an Appeal Panel Decision issued pursuant to Section 6 of the BP Deepwater Horizon Economic & Property Damages Settlement Agreement and the Rules Governing the BP Appeals Process. Links may have been added to assist the reader. The original decision […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1381: CA Reallocates Revenue Equally Between Months of No Income and Double Income; Claimant Fails Causation

Claimant appeals the denial of its BEL claim which the Claims Administrator determined did not pass causation. Claimant is a medical staffing company based in Metairie, Louisiana that provides services to a medical facility in Covington, Louisiana for which it […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1362: Condo Association Assessments Excluded From “Revenue” Under Policy 328v2

The following is an Appeal Panel Decision issued pursuant to Section 6 of the BP Deepwater Horizon Economic & Property Damages Settlement Agreement and the Rules Governing the BP Appeals Process. Links may have been added to assist the reader. The original decision […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1444: Reallocation of Lump-Sum Annual Rent Payment Received by Commercial Lessor Over the Term of the Lease is a Permissible Exercise of Professional Discretion

The following is an Appeal Panel Decision issued pursuant to Section 6 of the BP Deepwater Horizon Economic & Property Damages Settlement Agreement and the Rules Governing the BP Appeals Process. Links may have been added to assist the reader. The original decision […]