SlideShare a Scribd company logo
1 of 4
Download to read offline
FROM: http://www.nbrlawfirm.com/Press-Releases/WTC-PLAINTIFFS-TO-RECEIVE-APPROXIMATELY-125-
MILLION-IN-ADDITIONAL-VALUE-UNDER-AMENDED-SETTLEMENT-PROVIDING-COMPENSATION-
OF-UP-TO-712-5-MILLION/
In accordance with Federal Laws provided For Educational and Information Purposes – i.e. of PUBLIC Interest




Press Release - WTC Plaintiffs to Receive Approximately $125 Million
in Addition
Press Release - WTC Plaintiffs to Receive Approximately $125 Million in Additional Value
under Amended Settlement Providing Compensation of Up To $712.5 Million

      Plaintiffs' attorneys cap fees at 25%, reducing fees by over $50 million
      WTC Captive Insurance Company to pay up to an additional $50 to $55 million
      Certain workers' compensation liens against settlement recovery will be waived, giving benefit to many
       plaintiffs and ensuring that they will continue to receive future benefits with no reductions
      The most severe asthma claims could receive $800,000 to over $1 million dollars, or more if the individual
       is found disabled as a result of injury
      Former Special Master for the September 11th Victim Compensation Fund Kenneth Feinberg will serve as
       Claims Appeal Neutral
      Settlement creates path for other defendants and insurers to follow in settling some claims, facilitating
       recovery of significant additional compensation

(NEW YORK, NY, June 10, 2010)—The WTC Captive Insurance Company (the "WTC Captive"), the City of
New York, the contractors the City hired, and attorneys for over 10,000 plaintiffs alleging injuries from the rescue,
recovery and debris removal operations at the World Trade Center site operations after 9/11 today announced
amendments to a March 11, 2010 settlement of those claims. The revisions add up to approximately $125 million
directly to plaintiffs' compensation by:

      Reducing plaintiffs' attorneys' fees by over $50 million;
      Paying up to an additional $50 to $55 million cash from the WTC Captive Insurance Company; and
      Waiving workers' compensation liens against the settlement recovery of certain plaintiffs' and ensuring that
       their benefits continue in the future without interruption or reduction.
Plaintiffs who allege the most serious injuries will receive the majority of the increased payments.
Judge Alvin K. Hellerstein of the U.S. Federal District Court for the Southern District of New York will make an
announcement in court on Thursday, June 10, 2010, about the amended settlement and will issue an order to hold a
public hearing on June 23rd to hear from parties to the settlement. Judge Hellerstein has been informed of the
progress of the negotiations and has indicated that he believes the amended settlement to be fair and reasonable.

"This settlement gives the plaintiffs immediate, fair, and reasonable compensation, certainty and closure after years
of protracted and costly litigation that will continue without this agreement," said Christine LaSala, President and
CEO of the WTC Captive, a not-for-profit insurance company enabled by Congress to defend and indemnify the
City of New York and the contractors it hired for the rescue, recovery and debris removal operations after the
terrorist attacks of 9/11. "This settlement establishes objective criteria, based upon accepted medical standards, to
assess the type and severity of each illness alleged in order to achieve a fair value for each claim."

"I think we speak on behalf of all parties in the litigation by thanking Judge Hellerstein for his tireless efforts in
bringing about this historic result," said Nicholas Papain, a member of Sullivan Papain Block McGrath & Cannavo
P.C., representing 640 firefighters in the lawsuits.

An important amendment to the agreement involves the workers' compensation benefit that some plaintiffs have
received and will continue to receive for their claims. The law allows payments from workers' compensation
awards to be repaid from the tort settlement proceeds by exercising what is called a "lien" on the settlement money.
Here, the City of New York and its WTC workers compensation insurer, who hold some of those liens, have
agreed to waive them. For many of the plaintiffs, this waiver means their settlement payments will be free and
clear of liens and their workers' compensation benefits will continue in the future with no deductions.

"This settlement ensures guaranteed, immediate and just compensation to the heroic men and women who
performed their duties without consideration of the health implications," said Marc J. Bern, a senior partner with
the law firm Worby, Groner, Edelman & Napoli, Bern, LLP, which is representing over 9,000 litigants. "Our
commitment to our clients has never wavered in the seven years since we took on this litigation and we have done
everything within our power, including reducing the fees we agreed to with each of our clients, to achieve the best
possible outcome. We believe we have finally been successful and we are especially gratified that our joint efforts
over the past three months have resulted in approximately $125 million in additional net compensation that will be
available to our clients."

Under this settlement, those claiming debilitating respiratory illnesses such as severe asthma, contracted by a non-
smoker within seven months of exposure at the World Trade Center site and surrounding areas, could receive
between $800,000 and $1,050,000, and approximately $1.5 million could go to compensate claims of death
determined to be caused by the post 9/11 operations. Plaintiffs who have no qualifying injury, but have a legal
claim for fear of becoming sick, will receive $3,250. All qualifying plaintiffs will be enrolled in a special insurance
policy through MetLife to provide coverage for certain blood and respiratory cancers diagnosed during the
coverage period, paying a benefit of up to $100,000.

To ensure transparency and independence in determining compensation for each plaintiff, an Allocation Neutral, a
neutral third party, will oversee the valuation of each claim, assisted by a panel of independent physicians. The
Garretson Firm Resolution Group, Inc., an experienced claims administration company, will serve as the
Allocation Neutral. The firm and the physician panel will review the proof that each plaintiff is required to submit
showing that he or she was present and participated in 9/11-related rescue, recovery and debris removal operations,
as well as specific medical documentation required under the settlement. All of this information must be submitted
by plaintiffs under oath and will be subject to audit. Plaintiffs can ask for the Allocation Neutral to reconsider its
initial decision and, after that review, appeal to the Claims Appeal Neutral.

Kenneth R. Feinberg, former Special Master for the U.S. Government's September 11th Victim Compensation
Fund, will serve as the Claims Appeal Neutral. Mr. Feinberg will serve pro bono. Mr. Feinberg will determine
appeals requested by plaintiffs seeking review of the Garretson Firm's decisions. Mr. Feinberg's determinations
will be binding and may be used to adjust a plaintiff's final compensation.

"I am prepared to help ensure that these workers, volunteers, and fire and police personnel receive a fair evaluation
of their claims under this settlement," said Mr. Feinberg. "This settlement enables these individuals to avoid the
uncertainty, time and expense of litigation while providing a transparent, objective process for allocating the
compensation available under the settlement according to the legal strength of the claim and the severity of injury."

"We are grateful to Mr. Feinberg for serving as the Claims Appeal Neutral," said Ms. LaSala. "We feel the system
we have set up is fair, independent and transparent. Mr. Feinberg's experience and fairness are well known. He will
ensure that plaintiffs' claims are fully and properly considered."

"We applaud the involvement of Mr. Feinberg in the settlement program," said Mr. Papain. "These brave and
selfless first responders are owed the integrity and transparency that both he and the Garretson Firm will bring to
individual claim evaluations. In keeping with those principles, we will be inviting all of our clients to presentations
detailing the amended settlement and its terms."

"This is a fair settlement of a difficult and complex case that will allow first responders and workers to be fairly
compensated for injuries suffered following their work at Ground Zero," said Mayor Michael R. Bloomberg. "In
addition to the settlement payments, we will continue our commitment to treatment and monitoring of those who
were present at Ground Zero, and we will work with the New York congressional delegation and responder and
other groups to seek passage of the James Zadroga 9/11 Health Act. We are grateful to Kenneth Feinberg for
agreeing to serve pro bono as the Claims Appeal Neutral. This settlement honors those who were there when we
needed them in the aftermath of the September 11th, 2001 terrorist attacks."

The WTC Captive was created with a $1 billion grant from the Federal Emergency Management Agency to insure
the City of New York and its debris removal contractors because in the aftermath of 9/11 the City of New York
was unable to procure an adequate amount of liability insurance coverage in the commercial insurance market for
the World Trade Center site rescue, recovery and debris removal work.

The settlement will cost the taxpayer-funded WTC Captive $625 million in cash at the required 95% plaintiff
participation, with an additional $87.5 million paid if certain conditions are met. Plaintiffs' attorneys are capping
their fees at 25% of the settlement amount, resulting in savings to plaintiffs of over $50 million. Those savings,
together with the additional funding of up to $50 to $55 million by the WTC Captive, the waiver of the workers'
compensation liens and credits, and the assumption by the WTC Captive of additional costs of allocating the
settlement proceeds among the plaintiffs, increase the value of this amended settlement to plaintiffs by
approximately $125 million as compared to the settlement first announced in March, making the total value of the
settlement $712.5 million.

Importantly, the settlement also provides a pathway for other defendants and insurers involved in these cases, such
as the Port Authority of New York and the City's marine insurers, to settle, providing significantly more
compensation to some of these plaintiffs. These parties could be encouraged to follow the same settlement process
created jointly by lead plaintiffs' counsel, the WTC Captive, the City and the contractors as part of this settlement
so that additional compensation is awarded fairly and consistently to plaintiffs who elect to settle.

"Since March 11, 2010, the parties have been determined to keep the settlement process intact, with each making
good faith efforts to that end," Ms. LaSala said. "This settlement provides fair and just compensation, closure and
certainty for the over 10,000 people who have filed lawsuits, while remaining faithful to our mandate to protect the
City and its contractors from liability in connection with their heroic efforts in the rescue, recovery and debris
removal work that followed the terrorist attack on the World Trade Center on 9/11."
All plaintiffs will receive a court-approved letter explaining the settlement and informing them of the approximate
amount of compensation to which they are entitled before they are required to make a decision about whether or
not to participate.

"We will be inviting all of our clients to live meetings for detailed presentations about the settlement and its
terms," said Nick Papain, a member of Sullivan Papain Block McGrath & Cannavo P.C., representing over 600
firefighters and fire officers.

Plaintiffs will have until September 30, 2010 to review the settlement with their attorneys in order to make a fully
informed decision and decide whether to participate in the settlement by accepting its terms. In order for the
settlement to proceed, 95% of the plaintiffs will have to agree to "opt-in."

About the WTC Captive Insurance Company

In the absence of commercially available insurance, the WTC Captive Insurance Company was formed in July
2004 to insure the City of New York and nearly 140 contractors, subcontractors and others it engaged against
claims arising out of the debris removal process that began immediately after the collapse of the twin towers of the
World Trade Center on September 11, 2001. The mission of the WTC Captive is to insure and defend in court, and
thereby to protect, the City and the contractor and subcontractor policyholders as claims are processed, adjudicated
and resolved.

Organized as a not-for-profit corporation under the laws of the State of New York and licensed by the New York
State Insurance Department, the WTC Captive is governed by a five-member Board of Directors composed of
current and former City officials plus a representative of the City's lead contractors.

The WTC Captive was funded with just under $1 billion in federal funds provided through a grant from the Federal
Emergency Management Agency (FEMA)—part of the $20 billion of such funds requested by the Administration
and authorized by Congress to help New York City and its people recover and rebuild after 9/11.

About Kenneth R. Feinberg

Kenneth R. Feinberg is the Former Special Master of the Federal September 11th Victim Compensation Fund and
is currently serving at the request of President Obama as Special Master for Executive Compensation for TARP
(Troubled Asset Relief Fund), involving executive pay at companies receiving U.S. government funding through
the program. He has served as a court-appointed special master in cases including Agent Orange product liability,
DES cases and Personal Injury Litigation related to Asbestos. He is also one of two arbitrators who determined the
allocation of legal fees in the Holocaust slave labor litigation. Mr. Feinberg also is an adjunct professor at
Georgetown University Law Center and Columbia University School of Law. He founded the firm of Feinberg
Rozen LLP in 1992, specializing in designing, implementing and administering innovative and complex settlement
solutions.

It should be noted that Kenneth Feinberg was involved in the development of the insurance product being offered
to settling claimants in connection with certain blood and respiratory cancers diagnosed during the coverage
period. Although Mr. Feinberg has a financial interest in the availability of these insurance products, he was not
involved in any of the negotiations related to such insurance, nor was he involved in the negotiation of the
settlement agreement itself. These negotiations all pre-date consideration of Mr. Feinberg for the role of Pro Bono
Claims Appeal Neutral.

More Related Content

What's hot

Life Insurer's Liability for Actions of Its Producer--Even before Producer's ...
Life Insurer's Liability for Actions of Its Producer--Even before Producer's ...Life Insurer's Liability for Actions of Its Producer--Even before Producer's ...
Life Insurer's Liability for Actions of Its Producer--Even before Producer's ...NationalUnderwriter
 
MedicareInsights » MSP + FCA = Big Trouble for Insurers as NJ Federal Court A...
MedicareInsights » MSP + FCA = Big Trouble for Insurers as NJ Federal Court A...MedicareInsights » MSP + FCA = Big Trouble for Insurers as NJ Federal Court A...
MedicareInsights » MSP + FCA = Big Trouble for Insurers as NJ Federal Court A...Jeremy Abay, Esq.
 
AIG v ACIG Merriwether Occurrence Order MSJ
AIG v ACIG Merriwether Occurrence Order MSJAIG v ACIG Merriwether Occurrence Order MSJ
AIG v ACIG Merriwether Occurrence Order MSJSeth Row
 
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad-...
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad-...Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad-...
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad-...NationalUnderwriter
 
Life Insurance Caselaw Survey
Life Insurance Caselaw SurveyLife Insurance Caselaw Survey
Life Insurance Caselaw SurveyRob Pohls
 
This Simple Story Proves Life Insurance Must Be Sold
This Simple Story Proves Life Insurance Must Be SoldThis Simple Story Proves Life Insurance Must Be Sold
This Simple Story Proves Life Insurance Must Be SoldJoaquin "Duke" Wilwayco
 
Understanding New York No Fault
Understanding New York No FaultUnderstanding New York No Fault
Understanding New York No Faultmccormick
 
Indemnity Provisions In Energy Agreements
Indemnity Provisions In Energy AgreementsIndemnity Provisions In Energy Agreements
Indemnity Provisions In Energy Agreementskenwbullock2
 
Uninsured And Underinsured Motorist Claims In New York
Uninsured And Underinsured Motorist Claims In New YorkUninsured And Underinsured Motorist Claims In New York
Uninsured And Underinsured Motorist Claims In New Yorkmccormick
 
Marine Group MSJ Ruling
Marine Group MSJ RulingMarine Group MSJ Ruling
Marine Group MSJ RulingSeth Row
 
Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...
Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...
Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...NationalUnderwriter
 
Understanding the CGL Policy In California
 Understanding the CGL Policy In California    Understanding the CGL Policy In California
Understanding the CGL Policy In California johngreen
 
McGuireWoods\' Insurance Practice Description
McGuireWoods\' Insurance Practice DescriptionMcGuireWoods\' Insurance Practice Description
McGuireWoods\' Insurance Practice Descriptioncjhite
 
230 PHILIPPINE LEGAL DOCTRINES (AS OF 2020) RESEARCHED AND COMPILED BY PROF. ...
230 PHILIPPINE LEGAL DOCTRINES (AS OF 2020) RESEARCHED AND COMPILED BY PROF. ...230 PHILIPPINE LEGAL DOCTRINES (AS OF 2020) RESEARCHED AND COMPILED BY PROF. ...
230 PHILIPPINE LEGAL DOCTRINES (AS OF 2020) RESEARCHED AND COMPILED BY PROF. ...HUDCC
 
California Climate Insurance Working Group Sizes Up Parametric Solutions
California Climate Insurance Working Group Sizes Up Parametric SolutionsCalifornia Climate Insurance Working Group Sizes Up Parametric Solutions
California Climate Insurance Working Group Sizes Up Parametric SolutionsJasonSchupp1
 
Construction Litigation 8 30 Revision (4)
Construction Litigation   8 30 Revision (4)Construction Litigation   8 30 Revision (4)
Construction Litigation 8 30 Revision (4)Socalconstructionlaw
 

What's hot (19)

Life Insurer's Liability for Actions of Its Producer--Even before Producer's ...
Life Insurer's Liability for Actions of Its Producer--Even before Producer's ...Life Insurer's Liability for Actions of Its Producer--Even before Producer's ...
Life Insurer's Liability for Actions of Its Producer--Even before Producer's ...
 
MedicareInsights » MSP + FCA = Big Trouble for Insurers as NJ Federal Court A...
MedicareInsights » MSP + FCA = Big Trouble for Insurers as NJ Federal Court A...MedicareInsights » MSP + FCA = Big Trouble for Insurers as NJ Federal Court A...
MedicareInsights » MSP + FCA = Big Trouble for Insurers as NJ Federal Court A...
 
AIG v ACIG Merriwether Occurrence Order MSJ
AIG v ACIG Merriwether Occurrence Order MSJAIG v ACIG Merriwether Occurrence Order MSJ
AIG v ACIG Merriwether Occurrence Order MSJ
 
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad-...
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad-...Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad-...
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad-...
 
Your Life Insurance: Is It Enough?
Your Life Insurance: Is It Enough?Your Life Insurance: Is It Enough?
Your Life Insurance: Is It Enough?
 
Life Insurance Caselaw Survey
Life Insurance Caselaw SurveyLife Insurance Caselaw Survey
Life Insurance Caselaw Survey
 
This Simple Story Proves Life Insurance Must Be Sold
This Simple Story Proves Life Insurance Must Be SoldThis Simple Story Proves Life Insurance Must Be Sold
This Simple Story Proves Life Insurance Must Be Sold
 
Understanding New York No Fault
Understanding New York No FaultUnderstanding New York No Fault
Understanding New York No Fault
 
Indemnity Provisions In Energy Agreements
Indemnity Provisions In Energy AgreementsIndemnity Provisions In Energy Agreements
Indemnity Provisions In Energy Agreements
 
Michele Isaak - Insolvent Estates
Michele Isaak - Insolvent EstatesMichele Isaak - Insolvent Estates
Michele Isaak - Insolvent Estates
 
Uninsured And Underinsured Motorist Claims In New York
Uninsured And Underinsured Motorist Claims In New YorkUninsured And Underinsured Motorist Claims In New York
Uninsured And Underinsured Motorist Claims In New York
 
Marine Group MSJ Ruling
Marine Group MSJ RulingMarine Group MSJ Ruling
Marine Group MSJ Ruling
 
Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...
Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...
Migrating Sand Triggers Separate Policy Limits for CGL Policy¹s Personal Inju...
 
Understanding the CGL Policy In California
 Understanding the CGL Policy In California    Understanding the CGL Policy In California
Understanding the CGL Policy In California
 
McGuireWoods\' Insurance Practice Description
McGuireWoods\' Insurance Practice DescriptionMcGuireWoods\' Insurance Practice Description
McGuireWoods\' Insurance Practice Description
 
Wellington Accident Lawyer
Wellington Accident LawyerWellington Accident Lawyer
Wellington Accident Lawyer
 
230 PHILIPPINE LEGAL DOCTRINES (AS OF 2020) RESEARCHED AND COMPILED BY PROF. ...
230 PHILIPPINE LEGAL DOCTRINES (AS OF 2020) RESEARCHED AND COMPILED BY PROF. ...230 PHILIPPINE LEGAL DOCTRINES (AS OF 2020) RESEARCHED AND COMPILED BY PROF. ...
230 PHILIPPINE LEGAL DOCTRINES (AS OF 2020) RESEARCHED AND COMPILED BY PROF. ...
 
California Climate Insurance Working Group Sizes Up Parametric Solutions
California Climate Insurance Working Group Sizes Up Parametric SolutionsCalifornia Climate Insurance Working Group Sizes Up Parametric Solutions
California Climate Insurance Working Group Sizes Up Parametric Solutions
 
Construction Litigation 8 30 Revision (4)
Construction Litigation   8 30 Revision (4)Construction Litigation   8 30 Revision (4)
Construction Litigation 8 30 Revision (4)
 

Viewers also liked

04/14/13 PUBLIC NOTICE (03/11/13 FAX TO BARACK OBAMA) - georgian
04/14/13   PUBLIC NOTICE (03/11/13 FAX TO BARACK OBAMA) - georgian04/14/13   PUBLIC NOTICE (03/11/13 FAX TO BARACK OBAMA) - georgian
04/14/13 PUBLIC NOTICE (03/11/13 FAX TO BARACK OBAMA) - georgianVogelDenise
 
072712 usa ku klux klan runned government - tamil
072712 usa ku klux klan runned government - tamil072712 usa ku klux klan runned government - tamil
072712 usa ku klux klan runned government - tamilVogelDenise
 
Alina steam turbines
Alina steam turbinesAlina steam turbines
Alina steam turbinesISF
 
07/13/10 EMAIL TO PRESIDENT BARACK OBAMA (Regarding Downfall/Doom Of Administ...
07/13/10 EMAIL TO PRESIDENT BARACK OBAMA (Regarding Downfall/Doom Of Administ...07/13/10 EMAIL TO PRESIDENT BARACK OBAMA (Regarding Downfall/Doom Of Administ...
07/13/10 EMAIL TO PRESIDENT BARACK OBAMA (Regarding Downfall/Doom Of Administ...VogelDenise
 
013016 COMMUNITY ACTIVIST VOGEL DENISE NEWSOME (Russian)
013016 COMMUNITY ACTIVIST VOGEL DENISE NEWSOME (Russian)013016 COMMUNITY ACTIVIST VOGEL DENISE NEWSOME (Russian)
013016 COMMUNITY ACTIVIST VOGEL DENISE NEWSOME (Russian)VogelDenise
 
What Can Video Do For Your Brand? (video research)
What Can Video Do For Your Brand?  (video research)What Can Video Do For Your Brand?  (video research)
What Can Video Do For Your Brand? (video research)Sam Frank Productions
 
DOCKET - Andrea Constand vs William H Cosby
DOCKET - Andrea Constand vs William H CosbyDOCKET - Andrea Constand vs William H Cosby
DOCKET - Andrea Constand vs William H CosbyVogelDenise
 
George zimmerman & ebola crisis (armenian)
George zimmerman & ebola crisis (armenian)George zimmerman & ebola crisis (armenian)
George zimmerman & ebola crisis (armenian)VogelDenise
 
George zimmerman & ebola crisis (bosnian)
George zimmerman & ebola crisis (bosnian)George zimmerman & ebola crisis (bosnian)
George zimmerman & ebola crisis (bosnian)VogelDenise
 
George zimmerman & ebola crisis (basque)
George zimmerman & ebola crisis (basque)George zimmerman & ebola crisis (basque)
George zimmerman & ebola crisis (basque)VogelDenise
 
George zimmerman & ebola crisis (belarusian)
George zimmerman & ebola crisis (belarusian)George zimmerman & ebola crisis (belarusian)
George zimmerman & ebola crisis (belarusian)VogelDenise
 
Embarrassing Bodies - Audience Insight
Embarrassing Bodies - Audience InsightEmbarrassing Bodies - Audience Insight
Embarrassing Bodies - Audience InsightPrecise Brand Insight
 
Backups and Disaster Recovery for Nonprofits
Backups and Disaster Recovery for NonprofitsBackups and Disaster Recovery for Nonprofits
Backups and Disaster Recovery for NonprofitsCommunity IT Innovators
 
GEORGE ZIMMERMAN’S RE-ENACTMENT (hindi)
GEORGE ZIMMERMAN’S RE-ENACTMENT (hindi)GEORGE ZIMMERMAN’S RE-ENACTMENT (hindi)
GEORGE ZIMMERMAN’S RE-ENACTMENT (hindi)VogelDenise
 
Obama read my lips -obama fraudgate (lithuanian)
Obama   read my lips -obama fraudgate (lithuanian)Obama   read my lips -obama fraudgate (lithuanian)
Obama read my lips -obama fraudgate (lithuanian)VogelDenise
 
Redes sociales como entornos educativos
Redes sociales como entornos educativosRedes sociales como entornos educativos
Redes sociales como entornos educativosMaria Chamorro
 
092812 eeoc response hilda solis (filipino)
092812 eeoc response   hilda solis (filipino)092812 eeoc response   hilda solis (filipino)
092812 eeoc response hilda solis (filipino)VogelDenise
 
070512 public rebuke (swedish)
070512   public rebuke (swedish)070512   public rebuke (swedish)
070512 public rebuke (swedish)VogelDenise
 
082512 us supreme court response (CHINESE - Simplified)
082512   us supreme court response (CHINESE - Simplified)082512   us supreme court response (CHINESE - Simplified)
082512 us supreme court response (CHINESE - Simplified)VogelDenise
 

Viewers also liked (20)

04/14/13 PUBLIC NOTICE (03/11/13 FAX TO BARACK OBAMA) - georgian
04/14/13   PUBLIC NOTICE (03/11/13 FAX TO BARACK OBAMA) - georgian04/14/13   PUBLIC NOTICE (03/11/13 FAX TO BARACK OBAMA) - georgian
04/14/13 PUBLIC NOTICE (03/11/13 FAX TO BARACK OBAMA) - georgian
 
072712 usa ku klux klan runned government - tamil
072712 usa ku klux klan runned government - tamil072712 usa ku klux klan runned government - tamil
072712 usa ku klux klan runned government - tamil
 
Alina steam turbines
Alina steam turbinesAlina steam turbines
Alina steam turbines
 
Analisis comparativo
Analisis comparativoAnalisis comparativo
Analisis comparativo
 
07/13/10 EMAIL TO PRESIDENT BARACK OBAMA (Regarding Downfall/Doom Of Administ...
07/13/10 EMAIL TO PRESIDENT BARACK OBAMA (Regarding Downfall/Doom Of Administ...07/13/10 EMAIL TO PRESIDENT BARACK OBAMA (Regarding Downfall/Doom Of Administ...
07/13/10 EMAIL TO PRESIDENT BARACK OBAMA (Regarding Downfall/Doom Of Administ...
 
013016 COMMUNITY ACTIVIST VOGEL DENISE NEWSOME (Russian)
013016 COMMUNITY ACTIVIST VOGEL DENISE NEWSOME (Russian)013016 COMMUNITY ACTIVIST VOGEL DENISE NEWSOME (Russian)
013016 COMMUNITY ACTIVIST VOGEL DENISE NEWSOME (Russian)
 
What Can Video Do For Your Brand? (video research)
What Can Video Do For Your Brand?  (video research)What Can Video Do For Your Brand?  (video research)
What Can Video Do For Your Brand? (video research)
 
DOCKET - Andrea Constand vs William H Cosby
DOCKET - Andrea Constand vs William H CosbyDOCKET - Andrea Constand vs William H Cosby
DOCKET - Andrea Constand vs William H Cosby
 
George zimmerman & ebola crisis (armenian)
George zimmerman & ebola crisis (armenian)George zimmerman & ebola crisis (armenian)
George zimmerman & ebola crisis (armenian)
 
George zimmerman & ebola crisis (bosnian)
George zimmerman & ebola crisis (bosnian)George zimmerman & ebola crisis (bosnian)
George zimmerman & ebola crisis (bosnian)
 
George zimmerman & ebola crisis (basque)
George zimmerman & ebola crisis (basque)George zimmerman & ebola crisis (basque)
George zimmerman & ebola crisis (basque)
 
George zimmerman & ebola crisis (belarusian)
George zimmerman & ebola crisis (belarusian)George zimmerman & ebola crisis (belarusian)
George zimmerman & ebola crisis (belarusian)
 
Embarrassing Bodies - Audience Insight
Embarrassing Bodies - Audience InsightEmbarrassing Bodies - Audience Insight
Embarrassing Bodies - Audience Insight
 
Backups and Disaster Recovery for Nonprofits
Backups and Disaster Recovery for NonprofitsBackups and Disaster Recovery for Nonprofits
Backups and Disaster Recovery for Nonprofits
 
GEORGE ZIMMERMAN’S RE-ENACTMENT (hindi)
GEORGE ZIMMERMAN’S RE-ENACTMENT (hindi)GEORGE ZIMMERMAN’S RE-ENACTMENT (hindi)
GEORGE ZIMMERMAN’S RE-ENACTMENT (hindi)
 
Obama read my lips -obama fraudgate (lithuanian)
Obama   read my lips -obama fraudgate (lithuanian)Obama   read my lips -obama fraudgate (lithuanian)
Obama read my lips -obama fraudgate (lithuanian)
 
Redes sociales como entornos educativos
Redes sociales como entornos educativosRedes sociales como entornos educativos
Redes sociales como entornos educativos
 
092812 eeoc response hilda solis (filipino)
092812 eeoc response   hilda solis (filipino)092812 eeoc response   hilda solis (filipino)
092812 eeoc response hilda solis (filipino)
 
070512 public rebuke (swedish)
070512   public rebuke (swedish)070512   public rebuke (swedish)
070512 public rebuke (swedish)
 
082512 us supreme court response (CHINESE - Simplified)
082512   us supreme court response (CHINESE - Simplified)082512   us supreme court response (CHINESE - Simplified)
082512 us supreme court response (CHINESE - Simplified)
 

Similar to GARRETSON RESOLUTION GROUP - Handles The SETTLEMENT Payouts In the World Trade Center 911 Responders Matter

GARRETSON RESOLUTION GROUP - Ties To 911 Attacks Payouts
GARRETSON RESOLUTION GROUP - Ties To 911 Attacks PayoutsGARRETSON RESOLUTION GROUP - Ties To 911 Attacks Payouts
GARRETSON RESOLUTION GROUP - Ties To 911 Attacks PayoutsVogelDenise
 
GARRETSON RESOLUTION GROUP (Q & A - 911 Adjuster)
GARRETSON RESOLUTION GROUP (Q & A - 911 Adjuster)GARRETSON RESOLUTION GROUP (Q & A - 911 Adjuster)
GARRETSON RESOLUTION GROUP (Q & A - 911 Adjuster)VogelDenise
 
CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...
CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...
CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...NationalUnderwriter
 
LOSS TRANSFER AND PRIORITY OF PAYMENT TRAINING: MENACING TERMINOLOGY, BUT IT...
LOSS TRANSFER AND PRIORITY OF PAYMENT TRAINING:  MENACING TERMINOLOGY, BUT IT...LOSS TRANSFER AND PRIORITY OF PAYMENT TRAINING:  MENACING TERMINOLOGY, BUT IT...
LOSS TRANSFER AND PRIORITY OF PAYMENT TRAINING: MENACING TERMINOLOGY, BUT IT...Joseph Nohavicka
 
Broad Application of Medicare’s Mandatory Insurer Reporting Requirements to N...
Broad Application of Medicare’s Mandatory Insurer Reporting Requirements to N...Broad Application of Medicare’s Mandatory Insurer Reporting Requirements to N...
Broad Application of Medicare’s Mandatory Insurer Reporting Requirements to N...NationalUnderwriter
 
Washington Court Holds Stipulated Covenant Judgment Sets Minimum Amount of Da...
Washington Court Holds Stipulated Covenant Judgment Sets Minimum Amount of Da...Washington Court Holds Stipulated Covenant Judgment Sets Minimum Amount of Da...
Washington Court Holds Stipulated Covenant Judgment Sets Minimum Amount of Da...NationalUnderwriter
 
Class Actions: Insurance Related Claims
Class Actions: Insurance Related ClaimsClass Actions: Insurance Related Claims
Class Actions: Insurance Related ClaimsNationalUnderwriter
 
IOA Defense and Space News Spring 2015
IOA Defense and Space News   Spring 2015IOA Defense and Space News   Spring 2015
IOA Defense and Space News Spring 2015John C. Averill
 
101845787 insurance-cases
101845787 insurance-cases101845787 insurance-cases
101845787 insurance-caseshomeworkping7
 
Commercial bail works - An Ongoing Research Report
Commercial bail works - An Ongoing Research ReportCommercial bail works - An Ongoing Research Report
Commercial bail works - An Ongoing Research ReportDerek Nelson
 
Defining Terms in an Insurance Policy Exclusion: What the "Eight Corners" Ru...
Defining Terms in an Insurance Policy Exclusion:  What the "Eight Corners" Ru...Defining Terms in an Insurance Policy Exclusion:  What the "Eight Corners" Ru...
Defining Terms in an Insurance Policy Exclusion: What the "Eight Corners" Ru...NationalUnderwriter
 
Kelly Rode - State Farm Presentation
Kelly Rode - State Farm PresentationKelly Rode - State Farm Presentation
Kelly Rode - State Farm PresentationEddie Kelly
 
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad ...
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad ...Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad ...
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad ...NationalUnderwriter
 
New York Appeals Court Sustains Asbestos Plaintiff's Direct Suit Against Liab...
New York Appeals Court Sustains Asbestos Plaintiff's Direct Suit Against Liab...New York Appeals Court Sustains Asbestos Plaintiff's Direct Suit Against Liab...
New York Appeals Court Sustains Asbestos Plaintiff's Direct Suit Against Liab...NationalUnderwriter
 
Simple law assignment help
Simple law assignment helpSimple law assignment help
Simple law assignment helpcheapcouk
 
Unintended Consequences, Impact Of The Financial Crisis On Insurance Coverage
Unintended Consequences, Impact Of The Financial Crisis On Insurance CoverageUnintended Consequences, Impact Of The Financial Crisis On Insurance Coverage
Unintended Consequences, Impact Of The Financial Crisis On Insurance Coverageamystewart
 
trial brief_reckless_052415
trial brief_reckless_052415trial brief_reckless_052415
trial brief_reckless_052415Marika Phillips
 

Similar to GARRETSON RESOLUTION GROUP - Handles The SETTLEMENT Payouts In the World Trade Center 911 Responders Matter (20)

GARRETSON RESOLUTION GROUP - Ties To 911 Attacks Payouts
GARRETSON RESOLUTION GROUP - Ties To 911 Attacks PayoutsGARRETSON RESOLUTION GROUP - Ties To 911 Attacks Payouts
GARRETSON RESOLUTION GROUP - Ties To 911 Attacks Payouts
 
GARRETSON RESOLUTION GROUP (Q & A - 911 Adjuster)
GARRETSON RESOLUTION GROUP (Q & A - 911 Adjuster)GARRETSON RESOLUTION GROUP (Q & A - 911 Adjuster)
GARRETSON RESOLUTION GROUP (Q & A - 911 Adjuster)
 
CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...
CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...
CGL Coverage Form -- Coverage A (from FC&S Legal: The Insurance Coverage Law ...
 
LOSS TRANSFER AND PRIORITY OF PAYMENT TRAINING: MENACING TERMINOLOGY, BUT IT...
LOSS TRANSFER AND PRIORITY OF PAYMENT TRAINING:  MENACING TERMINOLOGY, BUT IT...LOSS TRANSFER AND PRIORITY OF PAYMENT TRAINING:  MENACING TERMINOLOGY, BUT IT...
LOSS TRANSFER AND PRIORITY OF PAYMENT TRAINING: MENACING TERMINOLOGY, BUT IT...
 
Broad Application of Medicare’s Mandatory Insurer Reporting Requirements to N...
Broad Application of Medicare’s Mandatory Insurer Reporting Requirements to N...Broad Application of Medicare’s Mandatory Insurer Reporting Requirements to N...
Broad Application of Medicare’s Mandatory Insurer Reporting Requirements to N...
 
Washington Court Holds Stipulated Covenant Judgment Sets Minimum Amount of Da...
Washington Court Holds Stipulated Covenant Judgment Sets Minimum Amount of Da...Washington Court Holds Stipulated Covenant Judgment Sets Minimum Amount of Da...
Washington Court Holds Stipulated Covenant Judgment Sets Minimum Amount of Da...
 
Class Actions: Insurance Related Claims
Class Actions: Insurance Related ClaimsClass Actions: Insurance Related Claims
Class Actions: Insurance Related Claims
 
New York No Fault Law
New York No Fault LawNew York No Fault Law
New York No Fault Law
 
IOA Defense and Space News Spring 2015
IOA Defense and Space News   Spring 2015IOA Defense and Space News   Spring 2015
IOA Defense and Space News Spring 2015
 
101845787 insurance-cases
101845787 insurance-cases101845787 insurance-cases
101845787 insurance-cases
 
Commercial bail works - An Ongoing Research Report
Commercial bail works - An Ongoing Research ReportCommercial bail works - An Ongoing Research Report
Commercial bail works - An Ongoing Research Report
 
Quantum Meruit memo
Quantum Meruit memoQuantum Meruit memo
Quantum Meruit memo
 
Athletico presentation
Athletico presentationAthletico presentation
Athletico presentation
 
Defining Terms in an Insurance Policy Exclusion: What the "Eight Corners" Ru...
Defining Terms in an Insurance Policy Exclusion:  What the "Eight Corners" Ru...Defining Terms in an Insurance Policy Exclusion:  What the "Eight Corners" Ru...
Defining Terms in an Insurance Policy Exclusion: What the "Eight Corners" Ru...
 
Kelly Rode - State Farm Presentation
Kelly Rode - State Farm PresentationKelly Rode - State Farm Presentation
Kelly Rode - State Farm Presentation
 
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad ...
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad ...Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad ...
Clarifying Bad Faith Jurisprudence in Virginia, Federal Court Recognizes Bad ...
 
New York Appeals Court Sustains Asbestos Plaintiff's Direct Suit Against Liab...
New York Appeals Court Sustains Asbestos Plaintiff's Direct Suit Against Liab...New York Appeals Court Sustains Asbestos Plaintiff's Direct Suit Against Liab...
New York Appeals Court Sustains Asbestos Plaintiff's Direct Suit Against Liab...
 
Simple law assignment help
Simple law assignment helpSimple law assignment help
Simple law assignment help
 
Unintended Consequences, Impact Of The Financial Crisis On Insurance Coverage
Unintended Consequences, Impact Of The Financial Crisis On Insurance CoverageUnintended Consequences, Impact Of The Financial Crisis On Insurance Coverage
Unintended Consequences, Impact Of The Financial Crisis On Insurance Coverage
 
trial brief_reckless_052415
trial brief_reckless_052415trial brief_reckless_052415
trial brief_reckless_052415
 

Recently uploaded

Rohan Jaitley: Central Gov't Standing Counsel for Justice
Rohan Jaitley: Central Gov't Standing Counsel for JusticeRohan Jaitley: Central Gov't Standing Counsel for Justice
Rohan Jaitley: Central Gov't Standing Counsel for JusticeAbdulGhani778830
 
Geostrategic significance of South Asian countries.ppt
Geostrategic significance of South Asian countries.pptGeostrategic significance of South Asian countries.ppt
Geostrategic significance of South Asian countries.pptUsmanKaran
 
Global Terrorism and its types and prevention ppt.
Global Terrorism and its types and prevention ppt.Global Terrorism and its types and prevention ppt.
Global Terrorism and its types and prevention ppt.NaveedKhaskheli1
 
IndiaWest: Your Trusted Source for Today's Global News
IndiaWest: Your Trusted Source for Today's Global NewsIndiaWest: Your Trusted Source for Today's Global News
IndiaWest: Your Trusted Source for Today's Global NewsIndiaWest2
 
Foreign Relation of Pakistan with Neighboring Countries.pptx
Foreign Relation of Pakistan with Neighboring Countries.pptxForeign Relation of Pakistan with Neighboring Countries.pptx
Foreign Relation of Pakistan with Neighboring Countries.pptxunark75
 
15042024_First India Newspaper Jaipur.pdf
15042024_First India Newspaper Jaipur.pdf15042024_First India Newspaper Jaipur.pdf
15042024_First India Newspaper Jaipur.pdfFIRST INDIA
 
16042024_First India Newspaper Jaipur.pdf
16042024_First India Newspaper Jaipur.pdf16042024_First India Newspaper Jaipur.pdf
16042024_First India Newspaper Jaipur.pdfFIRST INDIA
 
57 Bidens Annihilation Nation Policy.pdf
57 Bidens Annihilation Nation Policy.pdf57 Bidens Annihilation Nation Policy.pdf
57 Bidens Annihilation Nation Policy.pdfGerald Furnkranz
 
Political-Ideologies-and-The-Movements.pptx
Political-Ideologies-and-The-Movements.pptxPolitical-Ideologies-and-The-Movements.pptx
Political-Ideologies-and-The-Movements.pptxSasikiranMarri
 

Recently uploaded (9)

Rohan Jaitley: Central Gov't Standing Counsel for Justice
Rohan Jaitley: Central Gov't Standing Counsel for JusticeRohan Jaitley: Central Gov't Standing Counsel for Justice
Rohan Jaitley: Central Gov't Standing Counsel for Justice
 
Geostrategic significance of South Asian countries.ppt
Geostrategic significance of South Asian countries.pptGeostrategic significance of South Asian countries.ppt
Geostrategic significance of South Asian countries.ppt
 
Global Terrorism and its types and prevention ppt.
Global Terrorism and its types and prevention ppt.Global Terrorism and its types and prevention ppt.
Global Terrorism and its types and prevention ppt.
 
IndiaWest: Your Trusted Source for Today's Global News
IndiaWest: Your Trusted Source for Today's Global NewsIndiaWest: Your Trusted Source for Today's Global News
IndiaWest: Your Trusted Source for Today's Global News
 
Foreign Relation of Pakistan with Neighboring Countries.pptx
Foreign Relation of Pakistan with Neighboring Countries.pptxForeign Relation of Pakistan with Neighboring Countries.pptx
Foreign Relation of Pakistan with Neighboring Countries.pptx
 
15042024_First India Newspaper Jaipur.pdf
15042024_First India Newspaper Jaipur.pdf15042024_First India Newspaper Jaipur.pdf
15042024_First India Newspaper Jaipur.pdf
 
16042024_First India Newspaper Jaipur.pdf
16042024_First India Newspaper Jaipur.pdf16042024_First India Newspaper Jaipur.pdf
16042024_First India Newspaper Jaipur.pdf
 
57 Bidens Annihilation Nation Policy.pdf
57 Bidens Annihilation Nation Policy.pdf57 Bidens Annihilation Nation Policy.pdf
57 Bidens Annihilation Nation Policy.pdf
 
Political-Ideologies-and-The-Movements.pptx
Political-Ideologies-and-The-Movements.pptxPolitical-Ideologies-and-The-Movements.pptx
Political-Ideologies-and-The-Movements.pptx
 

GARRETSON RESOLUTION GROUP - Handles The SETTLEMENT Payouts In the World Trade Center 911 Responders Matter

  • 1. FROM: http://www.nbrlawfirm.com/Press-Releases/WTC-PLAINTIFFS-TO-RECEIVE-APPROXIMATELY-125- MILLION-IN-ADDITIONAL-VALUE-UNDER-AMENDED-SETTLEMENT-PROVIDING-COMPENSATION- OF-UP-TO-712-5-MILLION/ In accordance with Federal Laws provided For Educational and Information Purposes – i.e. of PUBLIC Interest Press Release - WTC Plaintiffs to Receive Approximately $125 Million in Addition Press Release - WTC Plaintiffs to Receive Approximately $125 Million in Additional Value under Amended Settlement Providing Compensation of Up To $712.5 Million  Plaintiffs' attorneys cap fees at 25%, reducing fees by over $50 million  WTC Captive Insurance Company to pay up to an additional $50 to $55 million  Certain workers' compensation liens against settlement recovery will be waived, giving benefit to many plaintiffs and ensuring that they will continue to receive future benefits with no reductions  The most severe asthma claims could receive $800,000 to over $1 million dollars, or more if the individual is found disabled as a result of injury  Former Special Master for the September 11th Victim Compensation Fund Kenneth Feinberg will serve as Claims Appeal Neutral  Settlement creates path for other defendants and insurers to follow in settling some claims, facilitating recovery of significant additional compensation (NEW YORK, NY, June 10, 2010)—The WTC Captive Insurance Company (the "WTC Captive"), the City of New York, the contractors the City hired, and attorneys for over 10,000 plaintiffs alleging injuries from the rescue, recovery and debris removal operations at the World Trade Center site operations after 9/11 today announced amendments to a March 11, 2010 settlement of those claims. The revisions add up to approximately $125 million directly to plaintiffs' compensation by:  Reducing plaintiffs' attorneys' fees by over $50 million;  Paying up to an additional $50 to $55 million cash from the WTC Captive Insurance Company; and  Waiving workers' compensation liens against the settlement recovery of certain plaintiffs' and ensuring that their benefits continue in the future without interruption or reduction.
  • 2. Plaintiffs who allege the most serious injuries will receive the majority of the increased payments. Judge Alvin K. Hellerstein of the U.S. Federal District Court for the Southern District of New York will make an announcement in court on Thursday, June 10, 2010, about the amended settlement and will issue an order to hold a public hearing on June 23rd to hear from parties to the settlement. Judge Hellerstein has been informed of the progress of the negotiations and has indicated that he believes the amended settlement to be fair and reasonable. "This settlement gives the plaintiffs immediate, fair, and reasonable compensation, certainty and closure after years of protracted and costly litigation that will continue without this agreement," said Christine LaSala, President and CEO of the WTC Captive, a not-for-profit insurance company enabled by Congress to defend and indemnify the City of New York and the contractors it hired for the rescue, recovery and debris removal operations after the terrorist attacks of 9/11. "This settlement establishes objective criteria, based upon accepted medical standards, to assess the type and severity of each illness alleged in order to achieve a fair value for each claim." "I think we speak on behalf of all parties in the litigation by thanking Judge Hellerstein for his tireless efforts in bringing about this historic result," said Nicholas Papain, a member of Sullivan Papain Block McGrath & Cannavo P.C., representing 640 firefighters in the lawsuits. An important amendment to the agreement involves the workers' compensation benefit that some plaintiffs have received and will continue to receive for their claims. The law allows payments from workers' compensation awards to be repaid from the tort settlement proceeds by exercising what is called a "lien" on the settlement money. Here, the City of New York and its WTC workers compensation insurer, who hold some of those liens, have agreed to waive them. For many of the plaintiffs, this waiver means their settlement payments will be free and clear of liens and their workers' compensation benefits will continue in the future with no deductions. "This settlement ensures guaranteed, immediate and just compensation to the heroic men and women who performed their duties without consideration of the health implications," said Marc J. Bern, a senior partner with the law firm Worby, Groner, Edelman & Napoli, Bern, LLP, which is representing over 9,000 litigants. "Our commitment to our clients has never wavered in the seven years since we took on this litigation and we have done everything within our power, including reducing the fees we agreed to with each of our clients, to achieve the best possible outcome. We believe we have finally been successful and we are especially gratified that our joint efforts over the past three months have resulted in approximately $125 million in additional net compensation that will be available to our clients." Under this settlement, those claiming debilitating respiratory illnesses such as severe asthma, contracted by a non- smoker within seven months of exposure at the World Trade Center site and surrounding areas, could receive between $800,000 and $1,050,000, and approximately $1.5 million could go to compensate claims of death determined to be caused by the post 9/11 operations. Plaintiffs who have no qualifying injury, but have a legal claim for fear of becoming sick, will receive $3,250. All qualifying plaintiffs will be enrolled in a special insurance policy through MetLife to provide coverage for certain blood and respiratory cancers diagnosed during the coverage period, paying a benefit of up to $100,000. To ensure transparency and independence in determining compensation for each plaintiff, an Allocation Neutral, a neutral third party, will oversee the valuation of each claim, assisted by a panel of independent physicians. The Garretson Firm Resolution Group, Inc., an experienced claims administration company, will serve as the Allocation Neutral. The firm and the physician panel will review the proof that each plaintiff is required to submit showing that he or she was present and participated in 9/11-related rescue, recovery and debris removal operations, as well as specific medical documentation required under the settlement. All of this information must be submitted by plaintiffs under oath and will be subject to audit. Plaintiffs can ask for the Allocation Neutral to reconsider its initial decision and, after that review, appeal to the Claims Appeal Neutral. Kenneth R. Feinberg, former Special Master for the U.S. Government's September 11th Victim Compensation Fund, will serve as the Claims Appeal Neutral. Mr. Feinberg will serve pro bono. Mr. Feinberg will determine
  • 3. appeals requested by plaintiffs seeking review of the Garretson Firm's decisions. Mr. Feinberg's determinations will be binding and may be used to adjust a plaintiff's final compensation. "I am prepared to help ensure that these workers, volunteers, and fire and police personnel receive a fair evaluation of their claims under this settlement," said Mr. Feinberg. "This settlement enables these individuals to avoid the uncertainty, time and expense of litigation while providing a transparent, objective process for allocating the compensation available under the settlement according to the legal strength of the claim and the severity of injury." "We are grateful to Mr. Feinberg for serving as the Claims Appeal Neutral," said Ms. LaSala. "We feel the system we have set up is fair, independent and transparent. Mr. Feinberg's experience and fairness are well known. He will ensure that plaintiffs' claims are fully and properly considered." "We applaud the involvement of Mr. Feinberg in the settlement program," said Mr. Papain. "These brave and selfless first responders are owed the integrity and transparency that both he and the Garretson Firm will bring to individual claim evaluations. In keeping with those principles, we will be inviting all of our clients to presentations detailing the amended settlement and its terms." "This is a fair settlement of a difficult and complex case that will allow first responders and workers to be fairly compensated for injuries suffered following their work at Ground Zero," said Mayor Michael R. Bloomberg. "In addition to the settlement payments, we will continue our commitment to treatment and monitoring of those who were present at Ground Zero, and we will work with the New York congressional delegation and responder and other groups to seek passage of the James Zadroga 9/11 Health Act. We are grateful to Kenneth Feinberg for agreeing to serve pro bono as the Claims Appeal Neutral. This settlement honors those who were there when we needed them in the aftermath of the September 11th, 2001 terrorist attacks." The WTC Captive was created with a $1 billion grant from the Federal Emergency Management Agency to insure the City of New York and its debris removal contractors because in the aftermath of 9/11 the City of New York was unable to procure an adequate amount of liability insurance coverage in the commercial insurance market for the World Trade Center site rescue, recovery and debris removal work. The settlement will cost the taxpayer-funded WTC Captive $625 million in cash at the required 95% plaintiff participation, with an additional $87.5 million paid if certain conditions are met. Plaintiffs' attorneys are capping their fees at 25% of the settlement amount, resulting in savings to plaintiffs of over $50 million. Those savings, together with the additional funding of up to $50 to $55 million by the WTC Captive, the waiver of the workers' compensation liens and credits, and the assumption by the WTC Captive of additional costs of allocating the settlement proceeds among the plaintiffs, increase the value of this amended settlement to plaintiffs by approximately $125 million as compared to the settlement first announced in March, making the total value of the settlement $712.5 million. Importantly, the settlement also provides a pathway for other defendants and insurers involved in these cases, such as the Port Authority of New York and the City's marine insurers, to settle, providing significantly more compensation to some of these plaintiffs. These parties could be encouraged to follow the same settlement process created jointly by lead plaintiffs' counsel, the WTC Captive, the City and the contractors as part of this settlement so that additional compensation is awarded fairly and consistently to plaintiffs who elect to settle. "Since March 11, 2010, the parties have been determined to keep the settlement process intact, with each making good faith efforts to that end," Ms. LaSala said. "This settlement provides fair and just compensation, closure and certainty for the over 10,000 people who have filed lawsuits, while remaining faithful to our mandate to protect the City and its contractors from liability in connection with their heroic efforts in the rescue, recovery and debris removal work that followed the terrorist attack on the World Trade Center on 9/11."
  • 4. All plaintiffs will receive a court-approved letter explaining the settlement and informing them of the approximate amount of compensation to which they are entitled before they are required to make a decision about whether or not to participate. "We will be inviting all of our clients to live meetings for detailed presentations about the settlement and its terms," said Nick Papain, a member of Sullivan Papain Block McGrath & Cannavo P.C., representing over 600 firefighters and fire officers. Plaintiffs will have until September 30, 2010 to review the settlement with their attorneys in order to make a fully informed decision and decide whether to participate in the settlement by accepting its terms. In order for the settlement to proceed, 95% of the plaintiffs will have to agree to "opt-in." About the WTC Captive Insurance Company In the absence of commercially available insurance, the WTC Captive Insurance Company was formed in July 2004 to insure the City of New York and nearly 140 contractors, subcontractors and others it engaged against claims arising out of the debris removal process that began immediately after the collapse of the twin towers of the World Trade Center on September 11, 2001. The mission of the WTC Captive is to insure and defend in court, and thereby to protect, the City and the contractor and subcontractor policyholders as claims are processed, adjudicated and resolved. Organized as a not-for-profit corporation under the laws of the State of New York and licensed by the New York State Insurance Department, the WTC Captive is governed by a five-member Board of Directors composed of current and former City officials plus a representative of the City's lead contractors. The WTC Captive was funded with just under $1 billion in federal funds provided through a grant from the Federal Emergency Management Agency (FEMA)—part of the $20 billion of such funds requested by the Administration and authorized by Congress to help New York City and its people recover and rebuild after 9/11. About Kenneth R. Feinberg Kenneth R. Feinberg is the Former Special Master of the Federal September 11th Victim Compensation Fund and is currently serving at the request of President Obama as Special Master for Executive Compensation for TARP (Troubled Asset Relief Fund), involving executive pay at companies receiving U.S. government funding through the program. He has served as a court-appointed special master in cases including Agent Orange product liability, DES cases and Personal Injury Litigation related to Asbestos. He is also one of two arbitrators who determined the allocation of legal fees in the Holocaust slave labor litigation. Mr. Feinberg also is an adjunct professor at Georgetown University Law Center and Columbia University School of Law. He founded the firm of Feinberg Rozen LLP in 1992, specializing in designing, implementing and administering innovative and complex settlement solutions. It should be noted that Kenneth Feinberg was involved in the development of the insurance product being offered to settling claimants in connection with certain blood and respiratory cancers diagnosed during the coverage period. Although Mr. Feinberg has a financial interest in the availability of these insurance products, he was not involved in any of the negotiations related to such insurance, nor was he involved in the negotiation of the settlement agreement itself. These negotiations all pre-date consideration of Mr. Feinberg for the role of Pro Bono Claims Appeal Neutral.