Feinberg to Oversee $500 Million Boeing 737 MAX Victim Fund

Feinberg to Oversee $500 Million Boeing 737 MAX Victim Fund
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Wash., on June 29, 2020. Karen Ducey/Reuters
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WASHINGTON—Prominent attorneys Kenneth Feinberg and Camille Biros will be named to oversee a $500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, a spokeswoman for Feinberg confirmed 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 passengers who died in Lion Air Flight 610 and Ethiopian Airlines Flight 302 in 2018 and 2019.