Worby Firm Reports Client Response to Settlement Offers Exceeds Expectations
NEW YORK , Aug. 3 /PRNewswire/ -- Paul J. Napoli, Plaintiffs' Liaison Counsel for the World Trade Center Disaster Site Litigation said Monday that the firm is very pleased with the overwhelmingly positive response received thus far from their clients who have received their settlement offers from the City of New York and its contractors.
"Although settlement packages are still being printed and mailed as of August 1, 2010," said Mr. Napoli, "we are gratified to see that so many of the clients who have received and reviewed their individual offers have responded so positively. Of the settlement offers that have been received by our clients thus far, the positive responses has been well in excess of the 95% participation threshold required for the settlement to proceed."
This is good news for all of the participating plaintiffs in the litigation, because with each additional percentage point of client participation above the threshold 95%, the settlement commitment from the City's insurance carrier increases in dollar value.
Press Release Contact Information: |
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Marc Jay Bern |
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Senior Partner |
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Worby Groner Edelman & Napoli Bern, LLP |
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(212) 267-3700 |
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This release was issued through WebWire(R). For more information visit http://www.webwire.com
SOURCE Worby Groner Edelman & Napoli Bern, LLP
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