Ground Zero deal sees victims given £486 million
More than 10,000 workers who say they suffered health problems over their exposure to toxic dust at Ground Zero have renegotiated a new settlement in which they will be paid $712.5 million (£486 million)
After months of renegotiations, New York city's insurer, the WTC Captive Insurance Company, has agreed to increase the payout, up from the original settlement which was between $575 million and $657 million.
The victims' lawyers have also agreed to reduce their fees to a maximum of a quarter of the settlement amount, down from a third. Plaintiffs will therefore get to keep an additional $50 million....
Read entire article at Telegraph (UK)
After months of renegotiations, New York city's insurer, the WTC Captive Insurance Company, has agreed to increase the payout, up from the original settlement which was between $575 million and $657 million.
The victims' lawyers have also agreed to reduce their fees to a maximum of a quarter of the settlement amount, down from a third. Plaintiffs will therefore get to keep an additional $50 million....