Legal News

Cozen O’Connor Hired To Regulate BP Gulf-Compensation Fund
Download PDF

cozen o'connorPhiladelphia lawyer, Stephen Cozen, partner at Cozen O’Connor, has been hired to sketch up the rules on BP’s gulf-compensation fund.

The $20 billion fund will be dispersed among businesses and persons who were caused loss by April’s Deepwater Horizon well explosion. The administrator of the fund, Kenneth Feinberg says that “no one else in the nation” has Cozen’s understanding or experience regarding the issues at hand.

Cozen’s firm, Cozen O’Connor specializes in disasters. They worked such high profile cases as the MGM Grand Hotel fire in 1980 and the 1981 collapse of the skywalk at the Hyatt Regency in Kansas City.

  
What
Where


Cozen will help determine which businesses and people are eligible for compensation. He said, “You might have a restaurant in Boston that serves Gulf Coast shrimp. Those business are not going to be eligible for anything.”

Cozen also said that there were nine attorneys working on different areas of the case. Among the practice areas involved in the spill are the firm’s litigation, maritime, insurance grups, as well as the firm’s energy department. The firm generally charges somewhere between $400 and $600 per hour.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




 

Most Popular

Legal Career Resources

December 2, 2016 How to Pass the Next Bar Exam

Summary: If you didn’t pass the bar exam in July, what can you do differently for February’s test? If you didn’t pass the bar exam in July, don’t worry! You always have a second chance in February, and besides, lots of people […]

read more

SEARCH IN ARCHIVE

To Top