{"id":109197,"date":"2021-03-10T18:18:57","date_gmt":"2021-03-10T18:18:57","guid":{"rendered":"https:\/\/fin2me.com\/?p=109197"},"modified":"2021-03-10T18:18:57","modified_gmt":"2021-03-10T18:18:57","slug":"exclusive-u-s-to-name-feinberg-to-oversee-500-million-boeing-737-max-victim-fund","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/exclusive-u-s-to-name-feinberg-to-oversee-500-million-boeing-737-max-victim-fund\/","title":{"rendered":"Exclusive: U.S. to name Feinberg to oversee $500 million Boeing 737 MAX victim fund"},"content":{"rendered":"
FILE PHOTO: A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. REUTERS\/Karen Ducey<\/figcaption>

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 737 MAX crashes, sources briefed on the matter said on Wednesday.<\/p>\n

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.<\/p>\n

Wednesday marks the second anniversary of the Ethiopian crash that led to the MAX\u2019s 20-month grounding worldwide, which was lifted in November.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. 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