Monday, November 22, 2010

More Discussion of Ken Feinberg's Pay in BP Gulf Oil Spill Fund

Moira Herbst of Reuters has a short, but thoughtful piece analyzing the issues at play for a private claims administrator running a quasi-public claims fund.  It's easy to sympathize in the abstract with Ken Feinberg's difficult situation in exploring what's appropriate in his unprecedented role; but with his firm being compensated at an average of $1,000 per hour (according to Herbst's analysis), he's not ultimately likely to get much sympathy.

BGS

http://lawprofessors.typepad.com/mass_tort_litigation/2010/11/more-discussion-of-ken-feinbergs-pay-in-bp-gulf-oil-spill-fund.html

Aggregate Litigation Procedures, Environmental Torts, Ethics, Lawyers, Mass Disasters, Settlement | Permalink

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