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Feinberg Will Run Boston Fund for Marathon Bomb Victims

April 17 (Bloomberg) -- Kenneth Feinberg, the lawyer who ran the September 11th Victim Compensation Fund, will play the same role for those affected by the Boston Marathon bombing, said Boston Mayor Thomas Menino and Massachusetts Governor Deval Patrick.

More than $7 million has been committed to The One Fund Boston by individuals and companies, including $500,000 from more than 8,500 people contributing through OneFundBoston.org, the two Democrats said in a statement.

Feinberg, a native of Brockton, a Massachusetts city south of Boston, will provide the service without charge, according to the statement. The founder of Washington-based law firm Feinberg Rozen LLP is a graduate of the University of Massachusetts at Amherst and serves on the John F. Kennedy Library Foundation’s board of directors.

“I will do my best to justify their confidence in me as we move forward to design and administer an effective program following the terrible tragedy in Boston,” Feinberg said in the statement. He will design the fund and oversee its operations, starting April 19, when he is set to arrive in Boston.

Feinberg, 67, also oversaw compensation limits for executives at seven companies bailed out by the U.S. Treasury, including insurer American International Group. He also supervised Gulf Coast Claims Facilities, set up to compensate victims of the 2010 BP Plc oil spill in the Gulf of Mexico. He also ran compensation funds for victims of mass shootings in Aurora, Colorado, and at Virginia Polytechnic Institute and State University, the school known as Virginia Tech.

Investigators have video of a possible suspect in the Boston Marathon bombings that left three dead and more than 170 injured. No one had been arrested in the case as of late today, according to the Boston office of the Federal Bureau of Investigation.

To contact the reporter on this story: Rachel Layne in Boston at rlayne@bloomberg.net

To contact the editor responsible for this story: Stephen Merelman at smerelman@bloomberg.net.

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