Clearly defined rules. It isn’t that difficult, or at least it shouldn’t be. In any process where a determination is made, where a judgment will be proffered, clearly defined rules not only protect the claimant, they protect the arbitrator. Rules let people know where they stand, what they need to do, what damage they need to show and upon showing said damage, they then have … Continue reading It’s the Transparency, Stupid…
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 … Continue reading Gulf Coast Attorneys General Warn Against Feinberg’s Quick Settlement Option
As a result of the Federal lawsuit against British Petroleum for violations of the Clean Water Act and Oil Pollution Act, estimates are the resulting fine for British Petroleum could be between $5 and $20 billion dollars, depending primarily upon whether BP is found grossly negligent in the explosion of the Deepwater Horizon. Though these numbers have been written about for months, according to an … Continue reading BP, Feinberg and $4 Billion Dollars
For the 170,000 claimants who’ve already received an emergency payout and are deciding between a final payment or to continue applying for interim payments, Ken Feinberg, arbitrator of the $20 billion dollar BP oil spill fund, has come up with his newest option: the quick payment. This would provide $5000 dollars to individuals and $25,000 dollars to businesses within two weeks, no further documentation needed … Continue reading Next Stop on the Feinberg Exploitation Tour…quick payments, just in time for Christmas
All affected by the BP Oil Spill Catastraphuk have a quickly approaching deadline to face. Tomorrow, November 24th is the last day to file for emergency payments from British Petroleum’s $20 billion dollar escrow. Beginning Thursday the choices they face become much more difficult and the rhetoric from the “neutral” arbitrator, Ken Feinberg appears designed to increase the pressure in an already pressurized situation. Originally, … Continue reading Ken Feinberg Playing Financial and Emotional Hardball
Drake Toulouse: Photography and Words 