Kenneth Feinberg News

Feinberg Could Be Tapped to Head $1B Takata Compensation Fund

A federal judge may tap attorney and longtime compensation adviser Kenneth Feinberg to oversee claims for nearly $1 billion that Takata Corp. will pay out to victims of defective air bag inflators linked to numerous deaths and injuries, court officials …

Takata Nears $1 Billion Settlement with U.S. Over Faulty Air Bags

Japan’s Takata Corp. is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources …

VW Owners Nominate Feinberg to Manage Potential Emissions Settlement

Consumer lawyers suing Volkswagen AG over economic losses tied to vehicles rigged to cheat emissions tests have nominated Kenneth Feinberg as a special settlement master. Feinberg handled General Motors Co.’ ignition switch fund, as well as compensation for victims of …

GM Negotiating with Claimants in Ignition Switch Lawsuits

A mediator for General Motors has begun negotiations about settling more than 300 claims related to a deadly ignition switch problem in some older model small cars. Kenneth Feinberg confirmed in an interview with The Associated Press that he met …

GM Submits Ignition Recall Documents to Safety Agency

General Motors Co. said it has submitted most of the answers that U.S. safety regulators sought from the automaker about a defective ignition switch linked to at least 13 deaths. In response to the National Highway Traffic Safety Administration, GM …

Penn State Approves Settlement Offers to Sandusky Victims

Pennsylvania State University said it approved settlement offers to some victims of Jerry Sandusky, the former assistant football coach convicted of sexually abusing 10 boys. The offers will be made to some people who made claims against the university related …

Dixon, Feinberg to Head New RAND Catastrophe Research Center

The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others following catastrophes ranging from natural disasters to terrorist attacks. The new Center for Catastrophic Risk Management and Compensation will be …

Marathon Bombing Victims Urged to Apply for Funds

The administrator of the Boston Marathon victims’ compensation fund said just five people have filed applications as of Tuesday, and is urging those affected by the blasts to fill out the paperwork before time runs out. The families of the …

Boston Marathon Relief Fund Guidelines Released

The administrator of a fund created to help victims of the Boston Marathon bombings has released final guidelines for distributing the money. The document released Wednesday gives top priority to the families of those who died, as well as double …

Boston Tragedy Is Latest Challenge for Victim Compensation Chief Feinberg

His work has immersed him in events that read like a roster of recent catastrophes, from 9/11 to the Gulf oil spill. Now, Kenneth Feinberg is adding the Boston Marathon bombings to that list. The Massachusetts native and attorney is …