Gulf spill claimants offered faster option
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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