The BP (NYSE:BP) $20 billion claims fund and administrator Kenneth Feinberg have been hit with a lawsuit claiming fraud and negligence over distribution of the funds.
A firm called Pinellas Marine Salvage has alleged Gulf Coast Claims Facility and its administrator, Kenneth Feinberg, hasn't acted in the best interests of victims.
Pinellas Marine Salvage, which says Feinberg and the fund "circumvent many of the rights provided to victims of the BP oil spill under the Oil Pollution Act of 1990," is seeking economic, compensatory, and punitive damages in the complaint.
Anyone can file a lawsuit making any claim they want, but so far there hasn't been a shred of evidence Feinberg has willingly of purposefully paid victims of the Gulf spill less than should have been.
As a matter of fact, Feinberg has lamented for a long time that a large percentage of claimants don't have the documentation to prove they are owed what they assert.
Much of this is precipitated by greedy lawyers looking to cash in on the pain of the victims, attempting to smear the overall process in order to pressure claimants to use them to represent them, rather than go through the claims process.
Tuesday, March 1, 2011
BP (BP) Claims Fund, Feinberg Hit with Fraud Lawsuit
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3 comments:
im sorry but your obviously not knowledgeable about the BP claims process. Feinberg has used every excuse he can to delay or deny payments including "lack of documentation" because its such a generic excuse and makes it look like its the claimants fault.
You TRULY have no knowledge of what the GCCF does. I own a steak and seafood restaurant that filed monthly claims because, trying to be honest, I had no idea what my losses would be until the end of each month. I was paid for May. They then lost June July and August claims. By then it was time file September. I was paid less than 1/3 of what I filed for and was DENIED completely in December because according to them my losses were not due to the effects of the oil spill. Now...you explain that to me. Please get your facts straight before you make assumptions. We on the Gulf are having a hard enough time without bad press like this.
By the way I forgot to mention EVERY claim was filed with the exact same documentation. Steinberg doesn't care and doesn't want to know the truth.
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