University of Iowa News Release
April 4, 2005
September 11 Fund Master Feinberg To Deliver Law School Commencement Address
Kenneth Feinberg, who oversaw the federal government's effort at financially compensating the victims and families of the September 11 terrorist attacks, will deliver the commencement address to the University of Iowa College of Law graduating class of 2005.
Law school commencement exercises will be Saturday, May 14 at 1 p.m. in Hancher Auditorium.
"I was very pleased that the student planning committee selected Mr. Feinberg as commencement speaker," said Carolyn Jones, dean of the College of Law. "His career points to a type of legal practice in which lawyers can help to ameliorate tragic situations in creative and thoughtful ways. I look forward to his remarks to the College of Law Class of 2005."
As special master of the September 11 Victim Compensation Fund, Feinberg disbursed billions of dollars to reimburse the victims of the terror attacks and the family members of those who died. In exchange, those receiving awards promised not to file lawsuits seeking damages for their losses. Feinberg administered all aspects of the program, including evaluating applications, determining appropriate compensation and disseminating awards.
The fund wrapped up its business last December. In its 33 months of existence, the fund disbursed $7 billion, based on the claims of 2,880 deceased and 2,680 injured victims of the attack. In his final report, Feinberg estimated 97 percent of the families of deceased victims who might have sued to recover tort damages opted for the fund instead.
In addition, Feinberg is chairman of the Washington, D.C-based Feinberg Group and one of the nation's leading experts in mediation and alternative dispute resolution. He has served as court-appointed special settlement master in major litigation involving Westinghouse Electric Corporation, the Agent Orange product liability litigation, the RICO class action concerning the Shoreham nuclear facility, in many asbestos personal injury litigations and has served as trustee of the Dalkon Shield Claimants' Trust. Feinberg was also one of the three arbitrators selected to determine the fair market value of the original Zapruder film of the Kennedy assassination and was one of two arbitrators selected to determine the allocation of legal fees in the Holocaust slave labor litigation.
STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.
MEDIA CONTACT: Tom Snee, 319-384-0010, firstname.lastname@example.org.