source: New York Daily News
Lawyers in line for half of $4B ‘toxic’ pot
by SUSAN EDELMAN
Lawyers in the legal battle over Ground Zero worker compensation could bag up to half of the billions available to pay 9/11 recovery workers for toxic injuries.
Defense firms hired by the city to fight some 10,000 claims have already raked in close to $200 million, and about $75 million has been spent on administrative expenses.
Lawyers for the workers — who have yet to be paid — stand to reap 30 percent to 40 percent of all settlements or judgments, based on their retainer agreements with World Trade Center responders.
How much money is up for grabs is the big question, now that the first trials for a dozen 9/11 workers are set to start May 16 in Manhattan federal court. The two sides are in secret, “intensive discussions” that Judge Alvin Hellerstein hopes will settle as many cases as possible.
At stake is a $1 billion taxpayer fund and as much as $3 billion in liability-insurance coverage, which includes the Port Authority’s $600 million and policies held by WTC contractors.
































WASHINGTON


