BP PLC on Monday named two lawyers to serve as trustees of the planned $20 billion fund for oil spill victims, on the same day the company announced an initial payment to the fund.

The two trustees are Kent Syverud, dean of the Washington University School of Law in St. Louis, and John Martin Jr., who served as a judge in the U.S. District Court for the Southern District of New York from 1990 to 2003.

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