This is a Press Release from the Insurance Company so keep that in mind Read it here
NEW YORK, June 23 /PRNewswire/ — At the conclusion of a hearing today, Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York signed an order approving the amended settlement reached among the WTC Captive Insurance Company (the “WTC Captive”), the City of New York, the contractors the City hired, their subcontractors, and attorneys for over 10,000 plaintiffs alleging injuries from the WTC site operations.
Judge Hellerstein stated, “I intend to approve this settlement and I now do so as a fair, adequate, and reasonable settlement reflecting hard work and a concern for fairness by all parties. It is fair in amount and fair in procedures.”
Christine LaSala, President and CEO of the WTC Captive, a not-for-profit insurance company enabled by Congress to defend and indemnify the City of New York and the contractors it hired for the rescue, recovery and debris removal operations after the terrorist attacks of 9/11, who instructed her attorneys to push for a settlement, said, “We are very pleased to have Judge Hellerstein’s support, and to have him recognize that, by basing an individual’s compensation on the severity of the injury and the strength of the legal claim, we achieved our goal of valuing each claim fairly. This settlement provides plaintiffs with closure and certainty, while also reserving some funds for future claims. We believe it is the best path forward for these plaintiffs, as their only other option right now is to proceed to lengthy and costly litigation with an uncertain outcome.”
Ms. LaSala added, “This settlement also protects the other heroes who came to help after the terrorist attacks on 9/11 without regard to their own exposure to lawsuits or liability. The City and the contractors it hired are to be commended for working to find a just resolution.”
This afternoon, plaintiffs stood before Judge Hellerstein both to praise and criticize the settlement, while the Judge listened and patiently explained the difficulties and inequities of litigation.
Candace Baker, a former New York City Police Officer who is on disability for breast cancer, thanked the Court and the lawyers who negotiated the settlement, but asked that hard tumor cancers like hers be treated the same as other cancers, despite the lack of evidence proving causation: “I ask that cancers be treated the same. I ask the point system, with relation to illness, be adjusted to reflect what we endured.”
“This is a settlement system and not a compensation fund and I have to pay attention and the lawyers have to pay attention to what is proven,” Judge Hellerstein said, addressing the courtroom. “I hope Ms Baker will go back and approve this settlement not because it’s perfect but because it’s good — it’s the best you can do.”