The administrator for damage claims from victims of the Gulf of Mexico oil spill said Sunday it was his idea, not BP's, to require that anyone who receives a final settlement from the $20 billion compensation fund give up the right to sue the oil giant. But Kenneth Feinberg said he has not yet decided whether the no-sue requirement will extend to other companies that may be responsible for the spill. He insisted that payouts from the claims facility will be more generous than those from any court.
August 24, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The new administrator for damage claims from victims of the Gulf of Mexico oil spill said Sunday it was his idea, not BP’s, to require that anyone who receives a final settlement from the $20 billion compensation fund give up the right to sue the oil giant.
But Kenneth Feinberg told reporters he has not yet decided whether the no-sue requirement will extend to other companies that may be responsible for the worst offshore oil spill in U.S. history.
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