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$650m compensation settlement for 9/11 workers

$650m compensation settlement for 9/11 workers

Times Online
March 12, 2010

Rescue and recovery workers who were exposed to a toxic brew of smoke and dust in the aftermath of the September 11 terrorist attacks have been awarded $650 million in a compensation deal struck in New York.

Thousands of 9/11 heroes, including firefighters, police officers, construction experts and emergency workers, have filed lawsuits since 2003 but last night’s agreement is expected to put an end to years of legal battles.

The settlement, worth up to $657.5 million (£434 million), was reached after negotiations between lawyers representing more than 10,000 people exposed to the debris from the World Trade Center and New York City’s federally financed insurer.

Some workers are likely to receive payments of only a few thousand dollars. Others could be in line to get more than $1 million, depending on their injuries.

The deal, which still must be approved by a judge and the workers themselves, would make the city and other companies represented by the insurer liable for a minimum of $575 million (£379 million), with more money available to the sick if certain conditions are met.

Most if not all of the money would come out of a $1 billion grant from the Federal Emergency Management Agency.

Mayor Michael Bloomberg called the settlement “a fair and reasonable resolution to a complex set of circumstances”.

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