BP

BP Pays Feinberg Firm $850K A Month To Run Escrow Fund

Rachel Slajda | October 11, 2010, 8:47AM

Kenneth Feinberg and his law firm, which oversees the doling out of compensation to oil spill victims, have been paid $850,000 a month by BP since the compensation fund was created in mid-June.

BP agreed to pay Feinberg Rozen LLP $850,000 a month from mid-June through Oct. 1, according to Bloomberg -- a grand total of $2.5 million.

Feinberg's firm was appointed by the White House to administer a (eventually) $20 billion escrow fund, funded by BP in order to pay claims by fishermen, hotel owners and others hurt by the oil spill.

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