"They have a lot of resource challenges in terms of the number of people who can administer settlements.
The fund will be run independently by Kenneth R. Feinberg, who also administered the settlement fund for 9/11 victims and others.
"Nothing can undercut the credibility of a program more than the perception that you're paying fraudulent claims," said Mr. Feinberg, who administered the settlement for victims of the 9/11 attacks and has done similar work for people affected by Hurricane Katrina, the defoliant Agent Orange and the 2007 killings at Virginia Tech University.
From 1882 until December 1888, Carter administered the Settlement on the Gambia as a Treasurer and Postmaster.
Ten lawyers who worked on the case will get $28.7 million for their work and for administering the settlement.
Jefferson-Pilot said it expected to pay $44.7 million worth of policies and bonuses to customers, while it would pay out $7.3 million in lawyers' fees plus $2 million in costs for administering the settlement.
Under a formula drafted by a special master appointed by Judge Korman to administer the settlement, Judah Gribetz, 75percentt of the money going to Jewish survivors was to go to those living in the former Soviet Union, and the rest was to go to survivors elsewhere.
Petroff's advice to his referring lawyers included the insight that in some instances the doctors and auditors administering the settlement were misinterpreting "mild" heart-valve damage as "moderate" and incorrectly classifying moderate cases as "severe".
The BP fund is overseen by Feinberg, a Washington lawyer and Democratic Party supporter who has built a career around administering mass settlements.
That would also drive up lawyers' fees and other expenses, eating into any extra money the lenders might get in a court-administered settlement.
Many Greek Cypriots have sought restitution through international courts or through a settlement fund administered by Northern Cyprus.
