9/11 billable billions
SUSAN EDELMAN
NY Post
February 8, 2010
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.
[efoods]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.
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.
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