Tuesday, January 04, 2011
A law professor being paid $950 an hour with BP's money has declared that the czar of the $20 billion claims fund for Gulf oil spill victims is independent of the oil giant.
Fund administrator Ken Feinberg said Thursday he has agreed to pay New York University professor Stephen Gillers for his advice. Since being hired, Gillers has written a letter stating that Feinberg is neutral and not subject to BP's direction or control.
Feinberg said the Gulf Coast Claims Facility, created to administer payments from the fund to people and businesses, is billing BP for Gillers' services.
Some victims, lawyers and state officials unhappy with the claims process have questioned Feinberg's independence and suggested he is a pawn in a BP effort to limit its liability.'
Posted by DotConnector at 08:17