July 02, 2010

$20 billion dollar oil spill fund addressed by Motley Rice trial lawyer Ron Motley

Kenneth Feinberg, chosen by President Obama to oversee the Gulf Spill Independent Claims Fund, said that Gulf Coast residents will now be able to receive larger and more timely payments if they have a legitimate claim. The fund was established by BP to cover costs related to oil spill damages and economic losses, and there has been on-going controversy involving whether it will adequately and fairly cover claims of those affected by the oil spill.

Motley Rice co-founder Ron Motley is familiar with such funds, having worked on behalf of numerous 9/11 victims families who opted out of the 9/11 Victims Compensation Fund, also overseen by Feinberg. Saying that "some people may not be able to wait," Motley also commented that those who do wait and pursue litigation may be able to recover more damages.

Read more about the BP oil claim fund.

Read more about how Motley Rice oil spill attorneys are fighting on behalf of individuals and businesses suffering as a result of the BP oil spill.