Tuesday, August 10, 2010

BP (NYSE:BP): Escrow Solutions To Be Discussed at Meeting

Ken Feinberg, in charge of BP's (NYSE:BP) escrow fund has planned a public meeting in Pensacola, Florida to discuss escrow solutions. Many residents as well as business owners are planning on attending, with many questions on exactly how the fund will be handled. Even though it is open to the public a reservation is required.

One of the business owners planning on attending is Mike Pinzone. He says he's already lost over $250,000 from the lack of Summer business. BP has reimbursed him for only about 20 percent. If they don't get some sort of relief soon, around 60 to 70 percent of boardwalk businesses will have to shut down and won't be around next year.

"I just would like the opportunity to speak face to face with him. To get an appointment with him when he's ready, sit down, finish this thing. Stroke me a check and I'll be done. I don't want to beg for money every week, every month," said Pinzone.

This is Feinberg's second visit to Pensacola.

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