Jim Brown and Jeff Crouere US AND LOUISIANA POLITICS

Friday, 31 December 2010 17:13

BP Claims Administrator Feinberg Says Half Of 20B Could be Enough For Victims

Written by
Rate this item
(0 votes)

According to Bloomberg, Kenneth Feinberg, the person chosen by President Obama to administer the $20 billion BP compensation fund told Bloomberg Television that half of the $20 million dollars might be sufficient to cover victim’s BP Gulf of Oil Spill.

The fund was created by BP after pressure by President Obama.

 “It remains to be seen, but I would hope that half that money would be more than enough to pay all the claims,” Feinberg said.

So far, the Gulf Coast Claims Facility has paid about $2.7 billion to more than 170,000 claimants. 

Feinberg also had been under pressure for a payment being made from the fund.

On Thursday, the administrator acknowledged he has agreed to pay New York University professor Stephen Gillers for legal ethics his advice.   Gillers is to be paid $950 per hour.

 

Bayoubuzz Staff
This email address is being protected from spambots. You need JavaScript enabled to view it.
Login to post comments

Bayoubuzz Event Calendar

No events found

Discuss New Orleans Mayor's race, Council with Christopher Tidmore

No events found

Advertisers/Sponsors

latter-blum2

Dead Pelican

Optimized-DeadPelican2 1 1