Friday, March 30, 2012

Give claimants in BP oil spill an option: An editorial | NOLA.com

Give claimants in BP oil spill an option: An editorial | NOLA.com:
The Times Picayune - Editorial
 "The first report of payments issued by the incoming BP oil spill claims administrator showed that some payments have resumed, and that's the good news. In his first two weeks, attorney Patrick Juneau issued almost $27 million in payments to 1,096 claimants.
BP fund administrator Kenneth Feinberg, left, was officially replaced by Patrick Juneau.
The bad news is that most of the claimants -- 619 of them -- received only 60 percent of final offers made by previous administrator Kenneth Feinberg. They were not given the option of accepting the full offer from Mr. Feinberg.
Under a court settlement reached by plaintiff lawyers and BP, Mr. Juneau will make new offers to these claimants and to anyone else who had received a previous offer but had not accepted it before Feb. 26. The claimants will then be able to choose whether to receive the remaining 40 percent of what Mr. Feinberg offered or the new proposal under terms set by the court "

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