Friday, April 4, 2014

Feinberg hired by GM to guide it through maze of lawsuits //Detroit Free Press

Kenneth Feinberg
Kenneth Feinberg

Nice to get some "ink". gwc
Crisis handler Kenneth Feinberg hired to guide GM through maze of lawsuits | Detroit Free Press
by Gregg Gardner
"Kenneth Feinberg’s new mission is to guide General Motors through the minefield of lawsuits and potential criminal charges arising from the ignition switch recalls and learn from missteps in his other high-profile roles, according to legal experts who have followed his performance in previous disasters. The 68-year-old Massachusetts native joins Anton Valukas, the chairman of the blue chip Jenner & Block law firm, and former Clinton White House media adviser Jeff Eller in a triumvirate of high-priced experts whose mission is to manage risk and contain damage."***
GM likely will study the BP case to understand the limits of Feinberg’s authority. His conduct in that case stirred critics. The line between his role as evenhanded mediator and his obligation to BP became blurry.
In February 2011, U.S. District Judge Carl Barbier ordered Feinberg to stop representing himself to claimants as a neutral party when he was a lawyer and agent representing BP.
“Pride precedes a fall and that is what happened to Kenneth Feinberg in the BP cases,” said George Conk, a law professor at Fordham University. “He implausibly claimed to be a neutral rather than a lawyer for BP while his law firm received hundreds of thousands of dollars to carry out BP’s obligations to provide temporary and permanent compensation to those who suffered spill-related losses.”

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