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AP: Court takes over oil spill claims

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Posted: Mar 8, 2012 11:05 AM
Source: Associated Press

  Rating: 4.0 (2 votes)

Topics: court, oil, spil, Gulf of Mexico, BP, money, claims, New Orleans

NEW ORLEANS- A federal judge has signed off on a transition process that relieves Kenneth Feinberg of his duties as administrator of BP's $20 billion compensation fund for victims of the 2010 oil spill in the Gulf of Mexico.

Thursday's order by U.S District Judge Carl Barbier calls for a court-supervised administrator to take over the claims process from the Feinberg-led Gulf Coast Claims Facility.

The move is part of a proposed multibillion-dollar settlement between BP and plaintiffs' attorneys representing more than 100,000 individuals and businesses.

Barbier appointed Lynn Greer, a Richmond, Va.-based attorney, to fill in for Feinberg during the transition. Patrick Juneau, a Lafayette, La.-based attorney, will take over for Greer and serve as the court-appointed administrator for economic loss claims if Barbier gives preliminary approval to the settlement.

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