BP Payout Controversy
In late August BP stopped handling the claims from fishermen and other Gulf businesses affected by the spill, handing the process over to claims chief Ken Feinberg and his Gulf Coast Claims Facility to distribute payments from the company’s $20 billion fund. Since the spill, Feinberg says he’s paid out $4 billion in claims. But many businesses have expressed frustration over not getting adequate compensation for their claims. Feinberg has stated that sufficient documentation is needed for him to be able to justify the amount of money he gives to a person or business. A letter from a BP official in February told Feinberg he was paying claimants too much.
(Photo: AP Photo/Patrick Semansky)