The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
Feinberg and Landrieu hold town halls to explain new victims claims process On August 18th, approximately 500 individuals crowded the Pontchartrain Center in Kenner, Louisiana, to hear from Kenneth Feinberg and Mary Landrieu (D-La). The two speakers explained the new Gulf Coast Claims Facility, highlighted its independence, and assured the audience of their concern for...
On July 15th, Kenneth Feinberg used three Louisiana town hall gatherings – in Houma, Port Sulphur, and Lafitte – to explain how the Gulf Coast Claims Facility (GCCF) will work. Animated and lively, with a little Bostonian humor, Feinberg held the attention of each overflowing crowd for approximately 30 minutes, followed by 20 minutes of questions from the audience.
Even if the rate of compensation increases, the significance of the $20 billion remains cryptic, because total claims could go higher or lower.