Feinberg Urges Spill Claimants to Opt for Fund

By: AP
By: AP

WASHINGTON (AP) - The administrator of a $20 billion Gulf oil spill compensation fund says fishermen and others with lost income claims would be "crazy" to bypass the fund and take their chances in court.

Ken Feinberg said at speech Monday that he will be much more generous than any court - without the complications and delays of a lawsuit.

He also noted that claimants could get emergency payments for six months without giving up their right to sue. He said only people who are offered a lump sum for all present and future injury would have to decide whether to take that and waive filing a lawsuit.

Feinberg made his remarks at the Economic Club of Washington, D.C.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 98755364 - kbtx.com/a?a=98755364
Gray Television, Inc.