Feinberg Discussing Future Pay for Spill Fund Work

By: Associated Press
By: Associated Press

New Orleans, LA (AP) - The administrator of the $20 billion
compensation fund for Gulf oil spill victims and BP are discussing
how much he will be paid for his services in the months ahead.

A spokeswoman for Ken Feinberg confirmed Tuesday the talks are
happening. But she declined to say whether the Washington attorney
is seeking a raise from the $850,000 a month his firm has been
receiving.

That fee amount was valid through Saturday. Feinberg's contract
with BP states that the two parties would discuss future fees on a
quarterly basis. It also says that BP must approve any
subcontractors Feinberg hires as part of the claims process.

A rig explosion last April off Louisiana killed 11 workers and
led to 200 million gallons of oil being released from BP's well a
mile beneath the Gulf of Mexico.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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