Originally published July 12, 2010 at 10:44 AM | Page modified July 12, 2010 at 2:05 PM
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BP fund master: no need for individuals to sue
The head of the $20 billion oil spill compensation fund says individuals filing claims will soon begin receiving six-month emergency checks instead of monthly payments.
The Associated Press
PENSACOLA BEACH, Fla. —
The head of the $20 billion oil spill compensation fund says individuals filing claims will soon begin receiving six-month emergency checks instead of monthly payments.
Appearing in Pensacola Beach on Monday, fund administrator Kenneth Feinberg said the company will start paying individuals in six-month payments in the next couple of weeks.
Feinberg also said there's no reason for individuals affected by the massive Gulf of Mexico spill to file lawsuits - at least not yet.
Feinberg urged claimants to see how much he'd be able to pay them for before suing.
UPDATE - 10:01 AM
Rebels tighten hold on Libya oil port
UPDATE - 09:29 AM
Reality leads US to temper its tough talk on Libya
UPDATE - 09:38 AM
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Armed guards save Dutch couple from Somali pirates
Navy to release lewd video investigation findings
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