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

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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  • by Oil Spill Victim Location: Florida on Jan 19, 2011 at 05:53 AM
    Sir you lie!! I knew it would happen if the Gov/Obama got their hands in the cookie jar. Before when BP was paying for lost wage compensation you could get something. But now all you get is the run around. He's more worried about what he's gonna get out of it than the true victims. But am I suprised again our government at work for us. LOL.......
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