{"id":34596,"date":"2013-03-27T10:01:14","date_gmt":"2013-03-27T14:01:14","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34596"},"modified":"2013-03-27T10:17:35","modified_gmt":"2013-03-27T14:17:35","slug":"b-p-in-talks-with-hedge-funds-over-funding-for-oil-spill-payouts","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2013\/b-p-in-talks-with-hedge-funds-over-funding-for-oil-spill-payouts.html","title":{"rendered":"B.P. In Talks With Hedge Funds Over Funding For Oil Spill Payouts"},"content":{"rendered":"

\"rebranded_2\"<\/a>New York (HedgeCo.Net) – The lawsuit settlement funding firm for B.P. Gulf of Mexico Oil Spill plaintiffs, Legal-Bay, has\u00a0been in talks with several foreign institutional hedge fund investors as well as traditional banks to raise more funding capital.<\/p>\n

Legal-Bay previously announced that they had secured up to $10 million, specifically for B.P. settlement claims, however, the law firm says the exposure may well be over $7 billion.<\/p>\n

“We are seeing large amounts of claims coming in for pre-settlement advances north of $1 million.\u00a0 Speaking to our experts across the Gulf region, they believe BP’s estimate to be rather low.\u00a0 We have secured funds for the smaller claims, but we are now in talks \u2013and actively seeking- more foreign hedge funds throughout\u00a0London\u00a0and\u00a0Ireland,\u00a0Spain, as well as in\u00a0Brazil\u00a0and other South American countries for large BP Settlement Funding in excess of US $1 million,” Legal Bay’s CEO,\u00a0Chris Janish, said.<\/p>\n

Lawsuit Funding in America has become very popular with Off-Shore hedge funds that want aggressive returns, with less risk than the traditional U.S. Equities Markets.<\/p>\n

Alex Akesson
\nEditor for HedgeCo.net<\/a>
\nalex@hedgeco.net<\/a>
\nHedgeCo.Net<\/a> is a premier hedge fund database<\/a> and community for qualified and accredited investors only. Membership in HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

New York (HedgeCo.Net) – The lawsuit settlement funding firm for B.P. Gulf of Mexico Oil Spill plaintiffs, Legal-Bay, has\u00a0been in talks with several foreign institutional hedge fund investors as well as traditional banks to raise more funding capital. Legal-Bay previously […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-34596","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34596"}],"version-history":[{"count":7,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34596\/revisions"}],"predecessor-version":[{"id":34599,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34596\/revisions\/34599"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}