NYC Owes $5M On Top Of $625M 9/11 Settlement

Law360, New York (July 16, 2012, 12:21 PM EDT) -- New York City must pay an additional $5 million through its insurance company to a class of workers who won a $625 million settlement in 2010 over their injuries in rescue and recovery operations after the 9/11 terrorist attacks, a federal judge ruled Friday.

U.S. District Judge Alvin K. Hellerstein said the city had wrongly refused to pay the sum through WTC Captive Insurance Co., whose $625 million settlement won court approval in November 2010.

The $5 million was a contingent payment that became due in...
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