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Feinberg: Boeing deserves credit for $50M community investment fund
Attorney Feinberg distributing $50M for Boeing victim compensation
Victim Compensation Attorney Ken Feinberg discusses Boeing 737 Max victim compensation programs and plans to distribute $50 million to crash victims.
Victim compensation attorney Kenneth Feinberg, picked by Boeing to oversee its $100 million victim compensation fund, said Thursday the biggest challenge will be determining where and how the money should be distributed.
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The aerospace giant enlisted Feinberg and Camille Biros earlier this week to distribute the remaining $50 million of the fund to communities affected by the deadly crashes of a Lion Air flight in Indonesia and Ethiopian Airlines flight in Ethiopia. This includes local community projects and programs that are of interest to the families, like education programs, water treatment and providing food for the hungry, according to Feinberg.
The accidents, both involving the Boeing 737 Max, together killed 346 people and led to the aircraft's grounding worldwide in March 2019.
"Camille and I have the responsibility that the money will be protected, it will be used for those purposes, it will not be wasted, and it's going to be a challenge, no question," Feinberg told FOX Business' Neil Cavuto on Thursday.
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