Feinberg Says Half of $20 Billion BP Fund Should Cover Claims
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Kenneth Feinberg, the lawyer paying victims of BP Plc’s Gulf of Mexico oil spill, said he anticipates about half the $20 billion fund set up by the company should be adequate to cover claims for economic losses.
Feinberg said on Bloomberg Television yesterday that it is too early to project how much of the fund will be needed to pay individuals and businesses. He said $10 billion may be enough to compensate victims.