BP is paying Kenneth Feinberg and his law firm, Feinberg Rozen, $850,000 a month to administer the company’s $20 billion oil spill compensation fund, Bloomberg reports today.

Thus far, BP has paid out more than $2.5 million for the firm’s work. It will continue to pay the same monthly rate until the end of the year when it will review the contract. The money does not come out of BP’s oil spill compensation fund, Bloomberg says.

The revelation, which came in a report by former U.S. Attorney General Michael Mukasey, is sure to dredge up lingering questions about Feinberg’s independence, as well as the transparency of the claims process.

For more on Feinberg, read my interview with him.

28 Shares:
You May Also Like

DiMatteo on his state GOP rivals: ‘Past experience is the best indicator of future performance’

With the race to become Republican Party of Florida chair coming down to the wire, candidates are scrambling to make a name for themselves — and at least one of the leaders in the race is saying that those voting should look to candidates' past experience when deciding who will be the best person to run the party after former chair Jim Greer was forced out of the job amidst scandal.