Assembly Speaker Sheldon Silver has spun the 9/11 lawsuits into gold.
…Napoli Bern, the law partnership representing the 9/11 workers, “had to lay out $20 million to $30 million” to fight the cases for six years against City Hall, which at first refused to pay a dime to ailing workers. The firm “borrowed most of it,” the source said, adding that the lawyers would have to repay the loans themselves if they lost the cases. “They took the risk.” Napoli said his firm took out various loans “at the best rates we could find,” but would not answer further questions. But now, lawyers are trying to pass on the interest costs to their 9/11 clients. Manhattan federal Judge Alvin Hellerstein has called a hearing next week to investigate whether the lawyers have overcharged their clients. Out of the proposed maximum $712 million settlement, the lawyers are expected to collect nearly $200 million in fees and expenses — including “repayment of interest expenses.” Workers said they had no knowledge of the loans and no idea they would be socked with the interest charges. Some were stunned when…
Visit link:
Assembly Speaker Sheldon Silver’s firm gets cut of 9/11-suit
- Related posts on claim business
- Get the right tax refund with these simple tips | Tax Rebates …
- hotfile – Shopping For a Personal Injury Claim Business Lawyer …
- Does my mother-in-law need to own the mobile home to claim …
- Related posts on clinton claim
- » Not a headline you'll see about Stephen Harper Unambiguously …
- Radio host's Gators cap leads to fan criticism, firing | The Slophouse
- Clinton Renews U.S. Claims On Former Soviet Space « Stop NATO
- Related posts on famous lawsuits
- Review: Kirkpatrick's The Facebook Effect Is A Wonderfully Biased…
{ 0 comments }