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The Gulf Coast Claims Facility (GCCF) was established by BP so individuals and business owners could file claims and recover compensation as a result of the Deepwater Horizon oil spill. The BP fund is administered by Kenneth Feinberg, who is paid over 850,000 dollars a month by BP, plus expenses. That is over ten million dollars a year. While BP originally committed to put twenty billion dollars in the fund, Mr. Feinberg says he believes they can get away with only paying out ten billion dollars to claimants.
As a result of Mr. Feinberg trying to save BP ten billion dollars, claims are not being paid timely and when they are finally paid, the amounts are far below the actual damages suffered by workers, property owners, and business owners on the Gulf coast.
Be careful! We urge you to fill out our form and let us help negotiate with BP and the Gulf Coast Claims Facility on your behalf. We will send you more information on the Gulf Coast Claims Facility process and how to protect yourself. All information will be kept confidential.
What's Being Said
Controversial comments about the BP Fund:
Claimants should be told Feinberg was hired by and is paid through BP, [Edward] Sherman (Professor of Law, Tulane University Law School in New Orleans), wrote. “He says this would help claimants determine for themselves whether Feinberg's statement that claimants are better off not litigating may be influenced by Feinberg's contract with BP.”
Sherman claims the monthly $850,000 “fee arrangement” between BP and Feinberg's law firm, Feinberg Rozen LLP, “contrasts with the usual method of payment of special masters, who are paid on an hourly basis according to the prevailing market rates in the community.”
Citing BP's hiring of lawyers to work at its facility to field claims, Sherman wrote that “having a defendant pay for representation of claimants against it is far from the best way to insure legal representation, and raises questions about the adversaries of attorneys who counsel claimants about whether to accept an offer.”
“It is my opinion that certain aspects of the GCCF’s [Gulf Coast Claims Facility] operations concerning communications with class members, public releases and comments, requirements for release, and method of payment to attorneys for claimants do not comport with the usual standards for transparency and fairness expected of a claims phase of complex litigation,” Sherman wrote in his declaration.
“Mr. Feinberg and British Petroleum repeatedly stated that Feinberg was independent, but Mr. Feinberg appears to have worked closely with BP officials in designing the structure and procedures of the GCCF. He apparently consulted with British Petroleum concerning both the substantive and procedural standards for the payment of claims. Although Mr. Feinberg would not draw a salary, his law firm would be paid $850,000 a month, in addition to expenses and the possibility of further compensation. This arrangement was not publicized, and most claimants would not have been aware of it.”
– read more from this article
Compensation paid to your law firm, Feinberg Rozen LLP in the amount $850,000 per month by British Petroleum, added to the fact that you have refused to comment as to personal compensation, indicates that you are not an independent or unbiased third party who should be trusted to administer this fund, which will, without question, dictate our collective futures as Gulf Coast Residents.
– See more of the online petition and sign it.
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