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Law Firm of BP Claims Czar Paid $3.3M So Far

By: Associated Press
By: Associated Press

Ocean Springs, MS (AP) - The law firm of Kenneth Feinberg,
the man in charge of BP's $20 billion compensation fund for Gulf
oil spill victims, has so far been paid about $3.35 million from BP
PLC.

The Gulf Coast Claims Facility, which was set up to compensate
fishermen, business owners and other Gulf Coast victims of the
April 20 BP well blowout, said Thursday that BP agreed to pay
Feinberg's firm $850,000 a month starting in mid-June.

The firm will continue to receive the fee monthly from BP
through the end of the year, after which the contract will be
reviewed.

President Barack Obama tapped Feinberg, who previously oversaw
9/11 victim payments, to run the BP claims fund, which the
London-based company created under government pressure.

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


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