US selects compensation expert Feinberg to run Boeing 737 MAX victim fund
WASHINGTON (Reuters) – Prominent attorneys Kenneth Feinberg and Camille Biros have been named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed on Wednesday, the second anniversary of the second crash.
The fund is part of a high-profile gesture by Boeing Co under a $2.5 billion Justice Department settlement reached in January about the 737 MAX following a Lion Air crash on Oct. 29, 2019 and an Ethiopian Airlines disaster on March 10, 2019.
Boeing and the Justice Department (DOJ) declined to comment.
The settlement allowed Boeing to avoid criminal prosecution but permits civil litigation against the planemaker by victims’ relatives to continue.
