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Feinberg Urges Gulf Workers to File Claims With BP Fund

Published: Monday, 19 Jul 2010 | 11:17 AM ET
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By: AP

Kenneth R. Feinberg
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Kenneth Feinberg, administrator of a $20 billion Gulf oil spill compensation fund, urged fishermen and others affected by the spill to file claims Monday.

The administrator of a $20 billion Gulf oil spill compensation fund says fishermen and others with lost income claims would be "crazy" to bypass the fund and take their chances in court.

Ken Feinberg said at speech Monday that he will be much more generous than any court— without the complications and delays of a lawsuit.

He also noted that claimants could get emergency payments for six months without giving up their right to sue. He said only people who are offered a lump sum for all present and future injury would have to decide whether to take that and waive filing a lawsuit.

Feinberg made his remarks at the Economic Club of Washington, D.C.

© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Sectors:Oil and Gas
Companies:BP p.l.c.

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