<
snip>
"Victims of the Gulf oil spill will be able to get quick, emergency payments from BP's $20 billion compensation fund without waiving their right to litigate future claims, Kenneth Feinberg, the government-appointed administrator of the fund, said.
Mr. Feinberg, in an interview with NBC's "Meet the Press" on Sunday, said his immediate goal was to get initial, emergency payments to victims who have "legitimate" claims and to then later compensate those individuals with longer-term payments.
Individuals and businesses whose livelihoods have been impacted by the spill "will get an emergency payment without any obligation," followed by "a program that will provide ... compensation," he said.
Under an agreement with the Obama administration, BP said it would pay $5 billion a year over the next four years into an escrow account. Mr. Feinberg, who will administer the fund, said he would make decisions independently. "I'm not beholden to the administration. I'm not beholden to BP," he said."
http://online.wsj.com/article/SB10001424052748704638504575318803855750226.html?mod=googlenews_wsj