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BP oil spill victims get 3 options for compensation

Kenneth Feinberg, the head of the Gulf oil spill fund, said Monday that victims of the BP oil spill will have three options for final compensation from the Deepwater Horizon blowout, and two of them require claimants to forgo legal challenges...Under option one, the fund would make a final lump-sum payment based on documented damage, but claimants give up the right to sue. Under option two, claimants would get interim quarterly payments but reserve their legal recourse. Under option three, applicants who already have received emergency funds would get a quick payout...but they would have to give up the right to sue.

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