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Daily Archives: August 23, 2010

Sue or Settle? Compensation Guidelines for BP Oil Spill Victims

On Monday, Washington lawyer Kenneth Feinberg will take over the task of distributing $20 billion of BP compensation money to the victims of the BP Oil Spill. Unfortunately, the guidelines determining which businesses will receive those payments are getting more and more specific.

 

Captain Brent Shaver discussing BP compensation

According to the guidelines presented by Mr. Feinberg, who was specifically appointed this task by President Obama, businesses will receive their compensation depending on their geographic distance from the spill and their dependence on the natural resources of the Gulf, according to a Huffington Post article.

In other words, many of the struggling companies in Florida, for… Continue reading