“Investors in BP should know that there’s now an alternative to the litigation system in place,” Kenneth Feinberg said in a telephone interview with CNBC Sunday afternoon. “I think that’s a really helpful sign if you’re an investor.”
Feinberg, who was appointed last week as the independent administrator fund, said that recipients of emergency relief funds, which are being paid out in real time do not sign away their right to sue BP [BP 31.76 0.05 (+0.16%)] for damages.
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