Kenneth Feinberg News

Boeing 737 Fund Will Pay Crash Victims’ Families $145K Each

Boeing Co. will pay the families of 346 people killed in two fatal 737 MAX crashes $144,500 each from a $50 million financial assistance fund announced in July, the fund’s administrators said on Monday. The fund, overseen by Washington lawyers …

Report Bayer Offered $8 Billion to Settle Roundup Claims Is ‘Fiction,’ Says Mediator

Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11% …

Bayer Proposes to Settle U.S. Roundup Lawsuits for $8 Billion: Bloomberg

Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, …

Feinberg Named Mediator for Bayer Roundup Liability Settlement

A U.S. judge on Wednesday appointed prominent attorney Kenneth Feinberg as mediator for court-mandated settlement talks in the federal litigation over allegations that Bayer AG’s glyphosate-based Roundup weed killer caused cancer. Feinberg has been instructed to meet with lawyers for …

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 …