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Jurist
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Independent $20 billion oil spill victim fund begins processing claims
Posted: August 23rd, 2010, 2:24pm MSD
Tags: [edit]
[JURIST] The administrator of the Gulf Coast Claims Facility (GCCF) [official website] announced Monday that the GCCF is in service and will begin processing claims [press release] from the $20 billion fund established by British Petroleum (BP) [corporate website] to aid victims of the Deepwater Horizon oil spill [BBC backgrounder; JURIST news archive] in the Gulf of Mexico. The GCCF, an independent facility, was implemented in June to manage claims from the fund after negotiations [JURIST report] between BP and the US Department of Justice (DOJ) [official website]. BP announced last week that it paid out $368 million in claims...