Crab fishermen get $700,000 in insurance

Two San Francisco-based law firms today announced an agreement with the owners of the Cosco Busan to release about $700,000 to crab fishermen whose livelihoods have been damaged by the Nov. 7 oil spill in San Francisco Bay.

The relief agreement is preliminary, and will disburse $5,000 to $10,000 in insurance funds to each of the approximately 70 crab fishermen in San Francisco, Half Moon Bay and Bodega Bay represented by Hanson Bridgett and McGuinn, Hillsman and Palefsky, according to attorney Michael Duncheon.

Further claims are still being negotiated, Duncheon said.

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