Gulf spill claimants offered faster option
by AnnistonStar
 Around the State
Dec 14, 2010 | 648 views |  0 comments | 9 9 recommendations | email to a friend | print | permalink

he administrator of a $20 billion fund doling out mon­ey to Gulf oil spill victims said Monday that people who want more cash can now get a quick check within two weeks, but there's a catch: Cashing it means giving up the right to sue BP or receive any more payments.

Attorney Kenneth Fein­berg, who took over the claims process from BP PLC in August, said individual claimants who already re­ceived some compensation from the fund can get a $5,000 check, but they can't sue BP and won't be eligible for a fi­nal settlement. Businesses could seek a $25,000 check. The payments would be is­sued within two weeks.

Read the full story from The Montgomery Advertiser.

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