logo
Plus   Neg
Share
Email

Boeing Hires 9/11 Compensation Fund Lawyer To Handle 737 Max Claims

Boeing (BA) said it appointed victim-compensation attorney Kenneth Feinberg to distribute $50 million to families who lost relatives in two crashes involving its 737 MAX planes.

Feinberg's Washington-based firm has overseen distribution to victims of several major events, such as the terrorist attacks on September 11, 2001, and the BP Deepwater Horizon oil spill.

Boeing said today that it has dedicated $50 million of a $100 million fund to provide near-term financial assistance to families of the victims of the Lion Air Flight 610 and Ethiopian Flight 302 accidents.

Some family members had criticized Boeing's initial commitment to distribute funds.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla said it will produce ventilators at its Gigafactory in Buffalo, New York to support the city's hospitals amid the coronavirus pandemic. New York is the worst affected state in the U.S. Last Saturday, Musk tweeted that he "had a long engineering discussion with Medtronic about state-of-the-art ventilators. Luxury fashion house Ralph Lauren will donate $10 million to help fight the coronavirus pandemic and manufacture face masks as well as medical gowns in the U.S. The company's charity arm, the Ralph Lauren Corporate Foundation, said in a statement that it is committing $10 million towards the global response to the COVID-19 pandemic. General Motors Co. is delaying work on new vehicle models and is cutting pay for its executives as part of efforts to conserve cash amid the coronavirus or Covid-19 pandemic. The automotive giant also extended the shutdown of North American plants indefinitely. Multiple reports cited an internal memo that salaried workforce will have 20 percent of pay deferred starting April 1.
Follow RTT
>