OCEAN SPRINGS, MS (WLOX) - Ken Feinberg is no longer in charge of deciding how the $20 billion BP fund is spent. That word came Thursday, after the recent announcement that a settlement has been reached between BP and attorneys for the plaintiffs.
Ocean Springs attorney Matthew Mestayer told WLOX News this could be considered a "do over."
"Its a resurrection of the claims process, and that is a very positive move," Mestayer said.
The hope now is that this process will be expedited. It's impossible to know how long it might actually take, but Mestayer is hopeful.
"I think maybe it could be 12 months or so," he said.
However, he was quick to add that a lot of things still have to be worked out. He also pointed out that under the provisions of this new deal, there will be no cap on damages that could be awarded.
The new agreement also includes a medical claims provision, whereas before there was no such thing.
Those whose claims were denied can now re-file. Mestayer said he encourages anyone who was denied to consider doing just that.
From day one, Ken Feinberg has been a lightning rod for criticism. We ended our conversation with Mestayer by asking for his take on Feinberg's work. He said he felt Feinberg started out by being very effective, but became less effective as time went on.