Monday, March 15, 2010

Lawyers From 3 New York Law Firms Could Collect $200M From 9/11 Settlement



A select group of lawyers will be the biggest earners if the giant settlement for 9/11 workers goes through.

The lawyers, who come from three different firms, represent the 10,000 plaintiffs seeking compensation for illnesses caused by working at Ground Zero.

Paul Napoli and Marc Bern of the firm Napoli, Bern, Ripka have the vast majority of cases - some 9,000.

Both men made it big suing the makers of diet drug fen-phen in the late 1990s, when they represented tens of thousands in a class-action suit. Bern boasts on his Web site that he's earned clients more than $1 billion in settlements over his 30-year career.

About 5,000 clients took Napoli to court and accused him of mishandling the fen-phen settlement, saying he paied more money to some members of the class action than others. That case is still pending.

The other lawyers in the Ground Zero cases are William Groner of Worby, Groner, Edelman, and Nicholas Papain and Andrew Carboy of Sullivan, Papain, Block, McGrath, and Cannavo.
Together, the firms stand to walk away with some $200 million in legal fees plus millions more in expenses if the proposed settlement is approved.

"We believe personal injury lawyers should be held to the same standard as medical malpractice lawyers, which gives more money to the victims and less money to the trial lawyers," Kriss said.
Unlike personal injury cases, which have no limit to the amount a lawyer can take from the winnings, medical malpractice lawyers can earn only up to 23%.

Source: http://www.nydailynews.com/news/national/2010/03/13/2010-03-13_theyll_reap_the_lions_share_of_settlement_for_911_sick.html#ixzz0iH9vXX1l

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