Boeing Hires Kenneth Feinberg to Handle Payments to Crash Victims' Families
July 17 2019 - 12:00PM
Dow Jones News
By Micah Maidenberg
Boeing Co. has hired victim-compensation attorney Kenneth
Feinberg to distribute $50 million to families who lost relatives
in two crashes involving its 737 MAX planes.
Mr. Feinberg is a well-known victim compensation attorney who
worked on determining payouts for those affected by the 9/11
attacks, families of people killed in accidents tied to a defective
ignition switch in General Motors Co.'s Chevrolet Cobalts and other
high-profile cases.
He was recently appointed as a mediator in cases involving Bayer
AG's Roundup weedkiller.
Mr. Feinberg will work on determining payouts related to the
Boeing MAX crashes with his longtime deputy Camille Biros. They
will design a fund and administer the payments, Boeing said.
Boeing pledged $100 million earlier this month to support
families and communities affected by the Lion Air crash in waters
near Jakarta last October and the crash in Ethiopia in March. Both
accidents involved MAX planes, killing 346 people and leading to
the global grounding of the planes.
Chicago-based Boeing described Wednesday's announcement as an
initial expenditure of the larger pledge. The goal is to provide
families with near-term financial assistance, the plane
manufacturer said.
Any of the $50 million in funds distributed by Mr. Feinberg and
Ms. Biros will be independent from any resolutions achieved through
the legal process, Boeing said.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
July 17, 2019 11:45 ET (15:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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