Tags: US | Gulf | Oil | Spill | Feinberg

BP Fund Official: No Need for Individuals to Sue

Monday, 12 Jul 2010 03:54 PM

The head of the $20 billion oil spill compensation fund says individuals filing claims will soon begin receiving six-month emergency checks instead of monthly payments.

Appearing in Pensacola Beach on Monday, fund administrator Kenneth Feinberg said the company will start paying individuals in six-month payments in the next couple of weeks.

Feinberg also said there's no reason for individuals affected by the massive Gulf of Mexico spill to file lawsuits — at least not yet.

Feinberg urged claimants to see how much he'd be able to pay them for before suing.

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The head of the $20 billion oil spill compensation fund says individuals filing claims will soon begin receiving six-month emergency checks instead of monthly payments.Appearing in Pensacola Beach on Monday, fund administrator Kenneth Feinberg said the company will start...
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