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Entries in Kenneth Feinberg (2)

Sunday
Feb132011

Three Gulf States Seek Answers on BP Oil Spill Payout

Photo Courtesy - Getty Images(WASHINGTON) -- Top officials from three states along the Gulf Coast, whose shores were hit particularly hard both environmentally and economically following the BP oil spill in 2010, are having no qualms about publicly criticizing the man in charge of distributing the relief funds.

Kenneth Feinberg, the man appointed by President Obama to be his administration's pay czar, has been particularly slow and less than transparent in his dealings with BP and the funds, the attorneys general from Louisiana, Mississippi, and Florida say.

As of Thursday, the $20 billion Gulf Coast Claims Facility established by BP had paid 168,634 claims for a total of $3.4 billion, The Washington Post reported. Many of those claims have been dismissed as having no merit, causing outrage among those whose livelihood was severely impacted by the spill.

The attorneys general have taken large issue with the fact that Feinberg, as they allege, has been encouraging those appying for relief funds to settle with BP for a one-time payout, in exchange for waiving their right to sue in the future.

Louisiana had the highest percentage of claims to the fund, with 39 percent of overall requests coming from individuals or businesses within the state. Florida accounted for 33 percent, and Mississippi for 10 percent of claims.

All three states are appealing to a U.S. District Court Judge to ask for more transparency into the process used by Feinberg to distribute the relief money and on Feb. 18, when the next arguments are scheduled in the complaint process, may ask for court-mandated changes to the process.

Copyright 2011 ABC News Radio

Friday
Feb042011

White House to BP: Shell Out More Cash

Photo Courtesy - Getty Images(WASHINGTON) -- The Obama administration is urging the manager of the $20 billion BP claims fund to shell out more money to victims of last year's oil spill in the Gulf of Mexico.

In a letter, Associate Attorney General Thomas Perrelli told claims czar Kenneth Feinberg that he needs to loosen the purse strings, reminding him that his job is not to preserve the money, but to spend it.

Copyright 2011 ABC News Radio







ABC News Radio