Feinberg’s $2 Billion Paid Fails to Quiet His Critics
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Kenneth Feinberg has paid out almost $2 billion from BP Plc’s oil-spill compensation fund without quelling criticism by Gulf Coast residents such as casino workers seeking to recover lost tips.
Today is the deadline for spill victims to apply to the Gulf Coast Claims Facility run by Feinberg for emergency payments, which are intended to provide immediate relief without requiring recipients to waive their rights to sue BP later. The fund draws on a $20 billion account set up by the London-based oil company to compensate those affected by the U.S.’s biggest offshore spill.