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Jere Beasley 6 articles

GM’s victim compensation fund praised by some and criticized by others

The compensation fund established by General Motors (GM) puts forth a message that victims of ignition switch failures will be fairly and justly compensated. However, some speculate that the fund is a diversion designed to convince victims to waive their right to a day in court against the automaker. Kenneth Feinberg was recently hired by GM to head the compensation fund and determine who is and isn’t eligible to receive restitution through the program. According to GM Authority, Bloomberg Television interviewed Feinberg on the details of the compensation fund. Feinberg went on to describe the fund as “generous and fair ... Read More

Target data breach has put card replacement costs for financial institutions in excess of $200 million

Despite efforts on all sides to keep costs at a minimum, financial institutions are still dealing with the costs from Target’s data breach. According to reports by the Consumer Bankers Association and the Credit Union National Association, the data breach’s costs have surpassed $200 million for financial institutions. That number is expected to grow, since only 21.8 million of the 40 million stolen credit and debit cards have been replaced to date, the trade associations said. Both associations have had significant increases in their calculations of what financial institutions will end up paying out in an effort to restore customer ... Read More

Alabama attorneys see positive outcome for state in BP oil spill trial

Jere Beasley, Founding Shareholder of the Beasley Allen law firm, believes Alabama is in good hands with Attorney General Luther Strange and his staff representing the state in the trial against BP for damages stemming from the oil company’s massive oil spill in the Gulf of Mexico. The trial is set to begin next month in New Orleans. “He’s doing an excellent job of representing the state, and I feel very confident that he’s up to the challenge,” Mr. Beasley told the Mobile Press-Register. Mr. Strange decided he and his staff were up to the challenge of representing Alabama when ... Read More

Prominent Ala. attorney files another BP class action

MONTGOMERY, Ala. (Legal Newsline) – Alabama plaintiffs firm Beasley, Allen, Crow, Methvin, Portis & Miles has filed another class action lawsuit against BP and other companies related to the Deepwater Horizon oil spill in the Gulf of Mexico. The lawsuit, which was announced Thursday and alleges negligence and wanton misconduct, also names Haliburton and Cameron International as defendants. According to the petition, the firm seeks to, “represent property owners and rental agencies that have incurred damages related to the disaster, including: real property damages; personal property damages; loss of profits and earning capacity; loss of commercial and subsistence use of ... Read More

Bon Secour Fisheries joins legal battle against BP, other firms over Gulf of Mexico oil spill

MOBILE, Ala. — Bon Secour Fisheries today joined the growing legal battle against BP Plc and the other companies involved with a drilling rig that exploded in the Gulf of Mexico last week. The Baldwin County shrimp processing company filed a class-action lawsuit seeking to represent everyone in Alabama who owns or leases residential or commercial property that is threatened by an enormous oil slick caused by the destruction of the Deepwater Horizon. BP said today that it is responsible and that it will compensate those impacted. “We are taking full responsibility for the spill and we will clean it ... Read More

Alabama's Beasley Allen files oil spill suit

Montgomery law firm Beasley, Allen, Crow, Methvin, Portis & Miles PC filed a class action lawsuit against BP for the Deepwater Horizon oil spill. The law firm filed a complaint against BP – officially called British Petroleum – in attempts to recoup losses for individuals and businesses that have incurred damages related to the disaster, such as property damages, loss of profits and loss of commercial and subsistence use of natural resources, according to a written statement. The oil spill happened early last week when an explosion caused the Deepwater Horizon in the Gulf of Mexico to sink. As a ... Read More