--Kenneth Feinberg and Camille Biros will be tapped by the U.S. Department of Justice to oversee a $500 million fund to compensate the relatives of victims killed in two crashes involving the Boeing 737 MAX, Reuters reported Wednesday, citing sources briefed on the matter.

--The $500 million fund is part of a $2.5 billion settlement reached between Boeing and the U.S. Justice Department in January.

--Boeing had previously asked Mr. Feinberg and Ms. Biros to administer payouts related to the crashes.

Full story: https://www.reuters.com/article/us-boeing-737-max-fund-exclusive/exclusive-u-s-to-name-feinberg-to-oversee-500-million-boeing-737-max-victim-fund-idUSKBN2B22DO?il=0

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

March 10, 2021 14:03 ET (19:03 GMT)

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