Feinberg was born to a
Jewish family in
Brockton, Massachusetts. He received a
Bachelor of Arts from the
University of Massachusetts-Amherst in 1967 and a
J.D. degree from the
New York University School of Law in 1970. He worked for five years as an administrative assistant and chief of staff for U.S. Senator
Ted Kennedy and as a prosecutor for the
U.S. Attorney General. Before founding his own firm The Feinberg Group (now the Law Offices of Kenneth Feinberg) in 1993, he was a founding partner at the Washington office of
Kaye Scholer LLP. Feinberg has served as Court-Appointed Special Settlement Master in cases including
Agent Orange product liability litigation,
Asbestos Personal Injury Litigation and
DES Cases. Feinberg was also one of three arbitrators who determined the fair market value of the
Zapruder film of the
Kennedy assassination and was one of two arbitrators who determined the allocation of legal fees in the
Holocaust slave labor litigation. He is a former Lecturer-in-Law at a number of U.S. law schools. Feinberg was the Chairman of the Board of Directors for the John F. Kennedy Library Foundation.
September 11 Victim Compensation Fund Appointed by Attorney General
John Ashcroft to be Special Master of the fund, Feinberg worked for 33 months entirely
pro bono. He developed the regulations governing the administration of the fund and administered all aspects of the program, including evaluating applications, determining appropriate compensation and disseminating awards.
History of participation Early in the process he was described as aloof and arrogant. Feinberg was subjected to some very public criticism at meetings, in the media and on Web sites. "I underestimated the emotion of this at the beginning", Feinberg has said. "I didn't fully appreciate how soon this program had been established after 9/11, so there was a certain degree of unanticipated anger directed at me that I should have been more attuned to." It was up to Feinberg to make the decisions on how much each family of a 9/11 victim would receive. "It's a brutal, sort of cold, thing to do. Anybody who looks at this program and expects that by cutting a
U.S. Treasury check, you are going to make 9/11 families happy, is vastly misunderstanding what's going on with this program," said Feinberg. "There is not one family member I've met who wouldn't gladly give back the check, or, in many cases, their own lives to have that loved one back. 'Happy' never enters into this equation."
The eight-part Feinberg plan In his book titled
What is Life Worth?, Feinberg described the eight-part plan which was applied to approaching the September 11 Victim Compensation Fund. • Identifying someone with sufficient and exceptionally broad experience in mass tort action mediation, litigation, and settlement, which Feinberg possessed through his previous personal experience as a political activist and his work in the Agent Orange compensation settlement. • To support and follow the law regarding the proportional compensation of victims based on estimated losses from future earnings, by hiring a full staff of accountants and attorneys to track and service each claim individually. • Accumulate all the reports and applications, along with counter-claims to gauge and initiate the direct compensation process. • The value of informed discretion in compensating claimants under the formula of keeping compensation under the rule of thumb that 85% of the money should not go to 15% of the 'richest' claimant families, by narrowing the gap between the largest and the smallest compensations paid to claimants. • With a mind to the future, the process of the program should be maintained and serviced as a precedent for future courts to use in future compensation cases as needed. The actions taken should be uniform in their approach. • There would be "no substitute for hard work and legal craftsmanship" of rigorous intellectual honesty. • The support of Senator Edward Kennedy would be recognized throughout the process. • Lawsuits were to be discouraged as contrary to the spirit of the law establishing the compensation fund.
Hokie Spirit Memorial Fund On July 5, 2007, a Virginia Tech press release said that Feinberg would work
pro bono as the chief administrator to the Hokie Spirit Memorial Fund (HSMF). The HSMF was set up by the Virginia Tech Foundation in the aftermath of the April 16, 2007, shooting attacks on the Virginia Tech campus.
Special Master for Executive Compensation On June 10, 2009, Feinberg was appointed by the
U.S. Treasury Department to oversee the compensation of top executives at companies which have received federal bailout assistance. As part of his policies, he has suggested to many bank executives that they emphasize long-term stock compensation rather than cash payments. Treasury Secretary
Timothy Geithner, in a statement about Feinberg's rulings on executive pay, said, "We all share an interest in seeing these companies return taxpayer dollars as soon as possible, and Ken today has helped bring that day a little bit closer."
BP oil spill fund On June 16, 2010, it was reported that Feinberg was to run a $20 billion fund to pay claims for the BP oil spill. President Obama said that the $20 billion from BP "will not be controlled by either BP or by the government. It will be put in an escrow account administered by an impartial, independent third party." Obama said he and BP's chairman,
Carl-Henric Svanberg, agreed on having Feinberg administer the fund. Feinberg was also selected by Obama to oversee the compensation of top executives at bailed out banks. BP is agreed to pay Feinberg's six-lawyer Washington, D.C., firm, Feinberg Rozen, a flat fee of $1,250,000 a month for labor and overhead costs, but the full details of compensation are unknown. Feinberg has come under harsh criticism from public interest groups for refusing to disclose the amount of his compensation or the details of his arrangement with the company. On December 6, 2010, the
Center for Justice & Democracy (CJ&D) sent a letter to
Robert Dudley, the CEO of BP, concerning "serious new issues raised about the lack of transparency and potential conflicts of interest related to the administration of the Gulf Coast Claims Facility." In the letter, CJ&D pointed out actions taken by Feinberg in the administration of the compensation fund that point to serious conflicts of interest: Mr. Feinberg, employed by BP, has decided on his own authority that all claims recipients must release all companies who caused this disaster from any and all legal responsibility, no matter how grossly negligent they were. This sweeping release, which assigns victims' claims to BP, benefits only one actor: BP – the company that happens to pay Mr. Feinberg's salary. In January 2011, Judge Barbier, the federal judge over the oil spill litigation, after hearing evidence and arguments of the attorneys, ruled that Kenneth Feinberg was not independent of BP and could no longer claim to be so. Feinberg had been telling victims he was their lawyer and did not answer to BP. The letter also criticized Feinberg's lack of transparency in the matter of compensation: Despite repeated calls for the release of documents establishing the formal relationship between BP and Feinberg Rozen, as well as its subcontractors who are reviewing and adjudicating claims, almost nothing has been publicly released. And now we learn, as reported by Reuters on November 22, 2010, that BP and Feinberg Rozen consider their arrangement 'verbal,' i.e., they have not committed to writing the firm's compensation arrangement so there can be no public examination of it. Is the public to believe that there is no paper evidence at all documenting a $10 million per year financial arrangement between BP and Feinberg Rozen? What about the contracts between BP, Feinberg Rozen and the subcontractors who are advising and adjudicating claims and also being paid directly by BP? Surely these contracts must be in writing and released. This failure to release the terms of all these financial arrangements under circumstances of tremendous historic and public significance is simply unacceptable.
Penn State settlement On September 12, 2012, Feinberg was hired by
Penn State University to aid in the settlement of dozens of personal injury claims against the institution stemming from the
sex abuse scandal involving
Jerry Sandusky. Four months later, Feinberg said that he expected settlement discussions with 28 people to yield results within a matter of weeks.
Aurora victim relief fund Feinberg oversaw the disbursement of donations to the injured victims and families of the deceased in the
Aurora, Colorado, movie theater shooting that left 12 people dead and 70 others wounded.
The Newtown-Sandy Hook Community Foundation In June 2013, Newtown-Sandy Hook Community Foundation was given permission from the
Connecticut Attorney General to distribute $7.7 million from the fund. A committee of three, headed by a retired U.S. District Court judge, was being advised by Kenneth Feinberg.
General Motors car recall On April 1, 2014, General Motors announced it had retained Feinberg to handle part of its response to a widely reported product safety recall. GM said Feinberg would serve as a consultant "to explore and evaluate options in its response to families of accident victims whose vehicles are being recalled for possible ignition switch defects."
Special Master to Oversee Treasury Implementation of Multiemployer Pension Reform Act Regulations The U.S. Department of the Treasury released proposed and temporary regulations to implement the Kline-Miller Multiemployer Pension Reform Act of 2014, as required by Congress. In Kline-Miller, Congress established a new process for multiemployer pension plans to propose a temporary or permanent reduction of pension benefits if the plan is projected to run out of money. As part of Treasury's commitment to ensuring an open and fair process, Treasury Secretary Jacob J. Lew appointed Kenneth Feinberg as a Special Master to help provide a dedicated, impartial and informed review of applications proposing to reduce pension benefits. Feinberg will oversee Treasury's implementation of Kline-Miller, including the review of applications to determine whether they meet the requirements set by Congress. He will also ensure that affected stakeholders have a single point of contact dedicated to this process.
Volkswagen emission scandal In February 2016, it was announced that Feinberg would be heading up the compensation fund for Volkswagen. This fund will be established to compensate the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit.
Terrorism compensation fund In March 2016, the
United States Department of Justice appointed Feinberg to oversee the Victims of State Sponsored Terrorism Fund.
In re Foreign Exchange and Benchmark Rates Antitrust Litigation As a mediator, Kenneth Feinberg served as a mediator to help resolve price-fixing antitrust claims brought against a group of financial institutions. Working as the agreed-upon neutral, he helped secure comprehensive settlements in the billions of dollars, and thereafter helped to design and administer a compensation program to distribute settlement proceeds to eligible claimants.
Archdiocese of New York Independent Reconciliation and Compensation Program In 2016, the Archdiocese of New York established the Independent Reconciliation and Compensation Program run by Kenneth Feinberg. This Independent Reconciliation and Compensation Program (the "IRCP") follows in the wake of initiatives already implemented by the Archdiocese of New York (the "Archdiocese") to address the problem of sexual abuse of minors alleged against clergy of the Archdiocese. The IRCP is a new program designed to compensate eligible victims of abuse. During past years, the Archdiocese has received various individual complaints alleging sexual abuse by clergy of the Archdiocese. This Protocol outlines the eligibility criteria requirements and the process for these individuals to submit and resolve claims alleging such sexual abuse. This Protocol governs only those individual claims previously submitted to the Archdiocese and will be considered Phase I of a two-phase Program.
United Methodist Church In 2019, Feinberg worked pro bono to mediate the impasse between representatives of factions within the
United Methodist Church regarding its position on homosexuality. Consequently on January 3, 2020, the parties unanimously agreed to present a plan to the 2020 General Conference to spin off one or more traditionalist denominations and allow churches and denominations to leave or remain, while dividing church assets.
Roundup Product Litigation In 2021, Feinberg was appointed as the Special Master in the Roundup Product Multi-District Litigation by the United States District Court, Northern California District. Feinberg is once again determining the value of a person's life to help Bayer settle thousands of law suits. == Personal life ==