British Petroleum, Control the Information, Escrow Account, Gulf Coast, Ken Feinberg, Oil Spill

Ken Feinberg’s next modification…

Feinberg has maintained that periodically he will be taking a look at the GCCF, it’s claims structures and the state of the Gulf to determine whether any modification to payments is necessary. It is this reappraisal which led to the changes last August where businesses had to show a growth rate of five percent to qualify for continued payment of interim claims. This is also … Continue reading Ken Feinberg’s next modification…

Drake ToulouseOctober 5, 2011October 5, 20112 Comments

British Petroleum, Disenfranchised, Escrow Account, Gulf Coast, Ken Feinberg, Macondo Well, Oil Spill

Feinberg’s five percent modification…

Feinberg just changed the rules again. On Tuesday, he added a rules modification to the GCCF claims process, designed to tighten payout criteria. “It is clear, that as time passes, it becomes increasingly difficult to determine whether changes in revenue and earnings are due to the oil spill or other factors,” the notice said. Clear…how clear exactly? 5% clear. Those (both business and individual) who continue … Continue reading Feinberg’s five percent modification…

Drake ToulouseAugust 18, 20112 Comments