Kenneth Feinberg News

U.S. Selects Compensation Feinberg Firm to Oversee Boeing 737 MAX Victim Fund

WASHINGTON — Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on …

Feinberg to Administer $50 Million Boeing 737 Crash Victims’ Fund

Boeing Co. said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with veteran U.S. compensation expert Ken Feinberg hired …

GM Can’t Use Bankruptcy Shield to Fight Billions in Death, Injury Claims

A federal appeals court ruling that General Motors can’t use its 2009 bankruptcy to fend off lawsuits over faulty and dangerous ignition switches exposes the automaker to billions in additional liabilities, according to legal experts. The 2nd U.S. Circuit Court …

Ex-Politician, Lawyer John Edwards Vying for Lead Role in Volkswagen Suit

Among the more than 140 plaintiffs’ lawyers competing to lead private litigation against Volkswagen over its emissions cheating scandal is former U.S. Senator and Democratic Vice-Presidential candidate John Edwards. Edwards, who was a trial lawyer in North Carolina before his …

Feinberg Nominated as Settlement Master by VW Owners’ Lawyers

Consumer lawyers suing Volkswagen AG over economic losses tied to vehicles rigged to cheat emissions tests have nominated Kenneth Feinberg as a special settlement master. Feinberg handled General Motors Co.’ ignition switch fund, as well as compensation for victims of …

GM Issued Less Than $600M in Settlements for Defective Ignition Switch Suits

General Motors Co. paid less than $600 million to settle claims by victims of its flawed ignition switches, a slightly smaller sum than what the automaker told investors it expected to pay, after a 20-month-long compensation process led by Kenneth …

GM Victim Compensation Fund Rejects 91% of Ignition Switch Claims

Lawyers hired to compensate victims of General Motors’ faulty ignition switches have rejected 91 percent of the claims submitted. They finished determining which claims were eligible last week. The compensation fund led by lawyer Kenneth Feinberg approved 399 of the …

Facts and Figures: GM’s Recall-Related Suits, Costs and Probes

General Motors Co. is looking past last year’s safety recalls of 36 million vehicles worldwide as recall costs continue to shrink. Here is a by-the-numbers look at the recall issues, including new information filed Thursday in GM’s second-quarter earnings release …

GM Victim Compensation Fund Near Completion, Faulty Switches Blamed for 124 Deaths

General Motors’ faulty ignition switches were responsible for at least 124 deaths and 266 injuries, according to a fund set up to compensate the victims. The fund, run by attorney Kenneth Feinberg, said Monday it has finished processing the 4,342 …

GM Directors Will Not Have to Face Flawed Ignition Claims

General Motors Co. directors don’t have to face investors’ allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for more than 100 people their lives. GM’s board had adequate risk-assessment systems in place even …