BP (NYSE:BP) Didn't Make Claims Decision, Feinberg Says

Rumors circulating that BP (NYSE:BP) was behind the decision to force those accepting final settlements from the compensation fund were cut down by fund administrator Kenneth Feinberg, who said he made that decision and not the oil giant.

This centers around those who agree to the decision by Feinberg and his team about getting paid a one-time payment for the entirety of what is owed them from BP.

If it is accepted, those receiving the claims money will have to waive the right to sue BP in the future.

Feinberg has yet to make a decision on whether or not to extend that to other companies like Halliburton (NYSE:HAL), Transocean (NYSE:RIG) and Cameron International (NYSE:CAM), who were also connected to the accident to one degree or another.

Those receive emergency funds for short-term periods will still be eligible to sue BP if they choose to.