I am skeptical of Feinberg Rozen LLP because they also represent Conoco, Inc., Exxon Corporation, Shell Oil Company, and other oil & gas companies they have an interest in keeping the claims low so that B.P North American can sell off its profitable assets to those same energy companies over the next few months.
Secondly this is the same asshole who let Goldman Sachs & 419 other financial companies who recieved 1.7 billion in TARP funds
This guy is a shill for corporate america.
PS--once you sign an agreement with an arbitration clause in it you are forced into arbitration and you lose your right to the federal litigation process thanks to the folks with the US Supreme Court.
DO NOT SIGN ANYTHING WITH AN ARBITRATION AGREEMENT EVER.
Feinberg Rosen represents Conoco, Exxon and Shell? Can anyone confirm this? How the fuck was this guy chosen?
I am dead serious when I say I would rather have Morris Bart, or more realistically, a group of Gulf Coast attorneys overseeing this escrow fund. Why would we believe for one second that Feinberg has our best interest in mind? Especially when no one seems to know very much about the circumstances in which he was hired and what his contract is.
I posted this in the comment section of the previous post...here are some questions I think need to be answered:
1. What is the nature of the contract with Feinberg Rozen, LLP? Who is paying for the contract, BP and/or Federal entity? If it is a Federal Entity, which one?
2. Is their a commission clause within the contract? If so what are the commission incentives, i.e. expediency of claims payed, amount of claims payed, etc.?
3. What is Feinberg Rozen's plan to conduct the assessments and claim payments? Are they going to set up offices along the Gulf Coast, etc.?
4. Are the claims limited to specific geographical areas? If so, are those areas defined by state, or is it an arbitrary geographical footprint?
5. What is the criteria Feinberg Rozen will use to establish whether or not an individual or business has been negatively affected by the BP oil spill?
6. How was Feiberg Rozen, LLP chosen by the White House to arbitrate the 20 billion dollar fund? Did the company solicit the White House or did the White House solicit the company?
7. If claims exceed the first 5 billion dollar payment within the first year, how will Feinberg Rosen assess which claims are paid first? Will the priority of the claims paid be contingent upon which areas were the first areas impacted?
8. Does Mr. Feinberg or any other member of his law firm have financial interests in BP including 401k plans?
9. Does Feinberg Rosen have contracts with any other oil companies or oil related industry companies, i.e. Halliburton, TransOcean, Schlumberger, etc.?