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Tom Young

BP Business Economic Loss Claim Appeal 2016-2149: Spill Related Contract Cancellation Affirmed

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 2016-2119:No Abuse of Discretion In Selecting Date Harvest Began Rather Than Month Harvest Stopped As End Date for Crop Season

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 2016-1979: DWH Accountant Used P&Ls That Showed When Claimant Received Its Commissions

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 2016-1349:Not Error NOT to Reallocate Poultry Farm’s Bulk Revenues to Months In Which They Were “Earned”

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 […]

Tom Young

BP Business Economic Loss Claim Appeal 2016-1330:AVM More Appropriate than Professional Services Methodology for Consulting Engineer Firm Despite NAICS Code

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 2016-1203: Claimant required to submit its financials as kept in the ordinary course of business; No Need to Convert From Cash to Accrual .

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 2016-1169: Professional judgement as to revenue recognition

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 2016-961: Contractor properly treated under AVM, not construction

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 […]