Gulf Coast Attorneys General Warn Against Feinberg’s Quick Settlement Option
Louisiana Attorney General, Buddy Caldwell, in conjunction with the Attorneys General’s of Mississippi, Florida and Alabama have warned that Feinberg’s third option may not be the best move for everybody.
“Claimants considering making a quick final payment claim should also evaluate whether their total damages exceed the set amount offered…even if an unforeseen event such as a future hurricane causes more oil from the spill to be washed onshore, a claimant who has signed the release will have lost the right to recover from any resulting loss. This includes fishermen who if they sign the release will be “barred from any additional recovery even if some time in the future the fish population is depleted or fishing waters are closed due to oil.”
Ah yes, Feinberg…the man who continues to entice people in bad situations to make decisions today on future unknowns. His third option offers quick settlements of $5ooo dollars to individuals and $25,000 dollars to businesses, but to do so means they forever waive their right to sue 120 companies, including BP, Halliburton, Transocean and the makers of Corexit, Nalco.
Said Kimberly Chauvin, a boat owner and shrimp processor, “I wonder which bonehead came up with that idea considering businesses have been scrapped for the whole year…and they want to come up with a $25,000 settlement? Nobody has thought out a plan, there is no transparency. There is nothing to be of help to the people who have lost the most.”
Feinberg has said he appreciates that the attorneys general are looking out for the citizens, and he believes he is doing that too.
Well, Mr. Feinberg, saying something doesn’t make it so, no matter what you believe or how often you say it, and when you deny almost half of the 465,000 claims outright, saving British Petroleum a ton of money in the process, your words are ringing pretty hollow.
I suppose I could try though…
I will win the powerball on Wednesday. I will win the powerball on Wednesday. I will win the powerball on Wednesday. I will win the powerball on Wednesday…but hey, all you people who were denied? Don’t everybody try out my experiment because if I have to share my winnings with over 220,000 other people, it won’t amount to much…probably about the same as Feinberg’s promises.
We’ll see what happens.
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Have a nice day.