Final Settlement Phase Starts for BP Oil Spill - New York Times

In the months since the Deepwater Horizon rig explosion in the Gulf of Mexico, hundreds of thousands of people and businesses have filed for emergency payments from the $20 billion BP fund administered by Kenneth R. Feinberg . More than $2.2 billion is being paid to some 150,000 individuals and businesses with documented claims, according to fund estimates.

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That emergency program came to an end Tuesday, and now the next phase begins: the negotiation of lump-sum final settlements for those affected by the spill. The rules for those settlements will be announced on Wednesday by Mr. Feinberg, after consulting with lawyers, state attorneys general, the Department of Justice and BP. That emergency program came to an end Tuesday, and now the next phase begins: the negotiation of lump-sum final settlements for those affected by the spill. The rules for those settlements will be announced on Wednesday by Mr. Feinberg, after consulting with lawyers, state attorneys general, the Department of Justice and BP. “I have received a wide range of views about every issue under the sun,” he said.

Final Settlement Phase Starts for BP Oil Spill - New York Times