Feinberg: The Money isn’t in Escrow Account Yet, plus: How the Reparations Payment Will Work, Problems?
Ken Feinberg said today he hasn’t been able to start writing claims checks because BP PLC has not yet deposited any money into the $20 billion escrow fund it promised to create. “I don’t want the check to bounce,” Feinberg said. BP spokesman Justin Saia said the company’s agreement with the White House is still being finalized. “Funds will be made available immediately upon the … Continue reading Feinberg: The Money isn’t in Escrow Account Yet, plus: How the Reparations Payment Will Work, Problems?