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Feinberg Says BP Is Slow On Its Payments--Report

Sat, 24th Jul 2010 21:35

DOW JONES NEWSWIRES BP PLC (BP, BP.LN) has been slow in making its payments to the small businesses that have been victimized by the Deepwater Horizon oil spill in the Gulf of Mexico, Kenneth Feinberg, administrator of the $20 billion compensation fund, said Saturday, Reuters reported. "I have a concern that BP is stalling claims. Yes, BP is stalling. I doubt they are stalling for money. It's not that. I just don't think they know the answers to the questions [by claimants]," Feinberg said, according to Reuters. Complete report: http://www.nytimes.com/reuters/2010/07/24/news/news-us-oil-spill-fund.html?_r=2&ref=news (END) Dow Jones Newswires July 24, 2010 16:35 ET (20:35 GMT)

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