Thursday, November 18, 2010

WTC Disaster Site Litigation Settlement - Results Announced Tomorrow

The results of how many plaintiffs signed on to the WTC Disaster Site Litigation Settlement, which required that 95% of the plaintiffs sign on for the settlement to go forward, will be announced at 1 PM tomorrow.   Click here to see docket & documents online.

Interestingly, the allocation neutral overseeing this aspect of the settlement adminsitration is from Ohio - Matthew Garretson.  His profile can be found here.  Here is the description of the firm's work on allocating settlement proceedings to claimants:

Perhaps the hallmark of our settlement allocation service, GFRG helps ensure that similarly-situated claimants are treated the same under the methodology developed to allocate the settlement proceeds and to help ensure that every claimant is allocated a fair and equitable share of the settlement proceeds (taking into account the terms/conditions of the Settlement Agreement, the severity of the injury and the proof available).

The question of course is whether the terms of the settlement agreement - i.e. the matrix developed by the lawyers - fairly allocates funds and what data is used to make those determinations.

ADL

h/t Fred Mogul, WNYC.

http://lawprofessors.typepad.com/mass_tort_litigation/2010/11/wtc-disaster-site-litigation-settlement-results-announced-tomorrow.html

9/11, Aggregate Litigation Procedures, Environmental Torts, Lawyers, Mass Disasters, Settlement | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef013489316e44970c

Listed below are links to weblogs that reference WTC Disaster Site Litigation Settlement - Results Announced Tomorrow:

Comments

Post a comment