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BP fund overseer gives credit to Realtors

Feinberg: Associations' compensation program 'continues to work'
Published on Nov 8, 2010

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by CareyBot

NEW ORLEANS -- Kenneth Feinberg -- the attorney overseeing a $20 billion fund set up to compensate victims of the BP oil spill in the Gulf of Mexico -- received three standing ovations Sunday when he addressed Realtors at their annual convention.

Realtors and association executives rose to their feet and unleashed a spontaneous round of applause when Feinberg walked into a meeting room at the Ernest N. Morial Convention Center, a few minutes late.

Feinberg got another standing ovation when he finished briefing the group on the progress the Gulf Coast Claims Facility, as the third-party administrator of the relief fund is known, has made in distributing funds set aside by oil giant BP.