Bloomberg reports: U.S. District Judge Carl Barbier in New Orleans concluded yesterday that Kenneth Feinberg, head of the Gulf Coast Claims Facility can’t identify himself as an independent administrator. He must fully disclose his ties to BP when communicating with potential claimants. BP is paying Feinberg’s law firm $850,000 a month to run the trust fund, victims’ lawyers said in court filings. Read more.
As I’ve been saying from the beginning BP is not our friend. Feinberg isn’t here to help us.