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Feinberg Hires Law Firm to Write Spill Compensation Rules

Kenneth Feinberg has chosen the law firm Cozen O’Connor to write a series of standards on who does and does not receive compensation from BP because of losses from the Gulf oil spill, according to the Philadelphia Inquirer.

Feinberg, who has been put in charge of overseeing the BP claims process, tells the Inquirer that Stephen Cozen, of the law firm, has the necessary experience for the job. The Inquirer says:

Cozen has spent much of his career litigating disputes over huge business losses, often on behalf of insurers. Typically, that has involved assigning a value to business losses sustained through fire or other calamity, and then defending those findings in court.

And Cozen hints at how he will write the compensation standards:

In broad brushstrokes, Cozen said he anticipated that businesses would need to establish some geographic proximity to the spill and show that they had been directly impacted. So, a Gulf Coast restaurant that specialized in local seafood that couldn’t sell it because of the spill likely would be able to make a case.

On the other end of the spectrum, Cozen said, “You might have a restaurant in Boston that serves Gulf Coast shrimp. Those businesses are not going to be eligible for anything.”

Feinberg officially takes over the claims process on Aug 23.

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