For more than seven weeks, Jeannie Mathis has been waiting for a check from the Gulf Coast Claims Facility, the independent entity charged with doling out the money BP set aside to compensate victims of the Gulf oil spill. And for seven weeks, her claim has been “under review.”
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ProPublica reported yesterday that claimants are “struggling to get basic information” about the status of their claims:
Dozens of claimants have told ProPublica they are having trouble getting information about their submissions, and applicants say that the claims agents they speak to on the telephone and in field offices
Kenneth Feinberg knew what he was in for. The independent administrator of BP’s $20 billion oil spill compensation fund has put himself in charge of seemingly impossible situations before — as Special Master of the September 11th Victim Compensation Fund and as “pay czar” overseeing executive compensation at companies that More…
Kenneth Feinberg, who takes over as administrator of the Gulf oil spill compensation fund on Monday, released today a set of guidelines for emergency payments paid in the interim to victims of the spill.
Under pressure from the White House, BP has agreed to set aside $20 billion in an escrow fund to compensate victims of the oil spill in the Gulf of Mexico, The Washington Post reports. The fund will be overseen by Kenneth Feinberg, President Obama’s “pay czar” who led the More…
The investigation into disgraced financier Bernard Madoff’s Ponzi scheme is taking a new turn, as the Securities and Exchange Commission begins investigating whether some of Madoff’s biggest “victims” actually were in on the scam, The Wall Street Journal reports.
Some of the victims apparently were able to state the More…
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