Gulf Spill Fund Gets Flood of Last-Minute Claims

By: Associated Press
By: Associated Press

New Orleans, LA (AP) - The administrator of a $20 billion fund set
up to pay for damages from the Gulf oil spill says he received a
flood of last-minute emergency claims before a key deadline ended.

Kenneth Feinberg said Wednesday that most of those claims likely
will be denied because there was not enough documentation to
support them.

Feinberg says about 450,000 emergency claims were filed by
Tuesday's deadline. Of those, about 30,000 were filed Monday or
later.

Also on Wednesday, Feinberg discussed the next phase of the
claims process.

People and businesses will be able to ask for a lump sum
payment, so long as they agree not to sue BP PLC or other companies
involved in the spill. They can also ask for smaller payments every
three months, which leaves open the possibility of suing the oil
giant for damages.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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