Gulf Coast Disaster - Written by Beasley Allen on Tuesday, April 17, 2012 12:04 - 0 Comments
Court Takes Over Oil Spill Claims From Ken Feinberg
Judge Carl Barbier has issued an order that relieves Kenneth Feinberg of his duties as administrator of BP’s $20 billion compensation fund for victims of the oil spill in the Gulf of Mexico. The order signed last month by Judge Barbier calls for a court-supervised administrator to take over the claims process from the Feinberg-led Gulf Coast Claims Facility.
The move is part of the proposed multi-billion-dollar settlement between BP and lawyers on behalf of more than 100,000 individuals and businesses. In his order, Judge Barbier appointed Lynn Greer, a Richmond, Va.-based lawyer, to fill in for Feinberg during the transition period. Patrick Juneau, a Lafayette, La.-based lawyer, will take over for Greer and serve as the court-appointed administrator for economic loss claims if Judge Barbier gives preliminary approval to the settlement.
Source: WKRG
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