WASHINGTON (Reuters) – The U.S. Justice Department will name victim compensation experts Ken Feinberg and Camille Biros to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing (NYSE:) 737 MAX crashes, sources briefed on the matter said on Wednesday.
As part of a settlement with the Justice Department, Boeing in January agreed to pay $500 million to compensate the heirs, relatives, and beneficiaries of the 346 passengers who died in Lion Air Flight 610 and Ethiopian Airlines Flight 302.
Wednesday marks the second anniversary of the Ethiopian crash that led to the MAX’s 20-month grounding worldwide, which was lifted in November.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Need Your Help Today. Your $1 can change life.