Aug 22, 2010 3:35 PM by Chris Welty
NEW ORLEANS (AP) - The new administrator for claims by Gulf oil
spill victims says it was his idea, not BP's, to require that
anyone who receives artinal settlement from the $20 billion
compensation fund give up the right to sue the oil giant.
But Ken Feinberg told reporters Sunday that he has not yet
decided whether the no-sue requirement will extend to other
companies that may be responsible for the worst offshore oil spill
in U.S. history.
He insists payouts from the claims facility he will run will be
more generous than those from any court.
Any individual or business that receives a short-term emergency
payment from the claims facility that launches Monday will still be
able to sue BP.
Feinberg said that in the next few weeks he would release
details on how much he is being paid to operate the fund.