9/11 Victims' Settlements Overturned

2008_07_pentattacks.jpgA federal court judge in Manhattan vacated a $28.5 million settlement for four families of 9/11 victims, finding that the settlement was too large and the lawyer's fees too high. Judge Alvin K. Hellerstein said Maryland law firm Azrael, Gann & Franz's "entire strategy seems to have been to coast on the work of others," by not settling until late in the process. The victims were all Pentagon employees, who, per the NY Times, Hellerstein said were "modest wage earns" and that the settlements of $5.5-8.5 million were "disproportionately large" relative to other settlements. One victim's relative was distraught, telling the Post, "How can he take back our money?"

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Comments (3) [rss]

Lets say that a 32 year old clerk working in the pentagon is making 40k. We can reasonably assume that he will be working in some type of job until he retires (Lets say that age is 67). We're talking 1.4 million, not counting wage increases, inflation, etc. So where the hell does 5.5 to 8.5 Million come from? But this all depends on what "modest wage earns" means since im just making up numbers. The judge has a point.

"How can he take back our money?"

That says it all right there.

it's called an appeal, ma'am. you'll get to file one, too.

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