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Thursday, February 16, 2012

Hey, Heckuva job!

Former BP Boss Tony Hayward eligible for $950,000 bonus

Meanwhile, back at the ranch,

More than half of the 110,299 private claimants suing BP in the huge trial set to begin in federal court Feb. 27 have never filed with claims czar Kenneth Feinberg, calling into question whether they are eligible for compensation. That's according to numbers released by Feinberg to U.S. District Judge Carl Barbier on Wednesday.

The data suggest that Feinberg may not achieve his stated goal of settling 90 percent of all legitimate claims out of court. At the same time, the numbers -- a rough barometer of the size and strength of the plaintiffs' army -- could have a significant impact on tense settlement talks among an army of lawyers who have descended on New Orleans.

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