Exclusive: U.S. Selects Compensation Feinberg Firm to Oversee Boeing 737 MAX Victim Fund - News Summed Up

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


Boeing said it looked "forward to working with Mr. Feinberg and Ms. Biros to ensure the prompt distribution of these funds.”The Justice Department (DOJ) declined to comment. The settlement allowed Boeing to avoid criminal prosecution but did not impact civil litigation against the planemaker by victims' relatives that continues. In July 2019, Boeing named Feinberg and Biros to oversee the distribution of a separate $50 million to the families of those killed in the crashes. Under the Justice Department agreement, Boeing was required to propose three candidates to administer the fund. In this role, they will make recommendations about payments but the Justice Department will make final decisions on all payments.


Source: Ethiopian News March 10, 2021 18:15 UTC



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