BP

Spill Victims: BP Fund An "Abject Failure" In Need of Oversight

Zoe Schlanger | July 26, 2011, 1:47PM

Spill victims suing BP in the Deepwater Horizon case have filed a joint brief that claims the oil company is implementing a deeply flawed and deliberately confusing claims process, and is taking advantage of their economic situation by offering a one-time low-figure lump sum from its relief fund in exchange for their signature on releases promising no future claims.

The $20 billion dollar fund headed by high-profile lawyer Kenneth R. Feinberg is under attack by the claimants as an "abject failure" for leaving some 84% of initial "interim" claims unfiled or unpaid, which the brief claims is illegal.

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Topics: BP, Deepwater Horizon, Deepwater Horizon Oil Spill, Kenneth R. Feinberg