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
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.