“Talks between the Federal Emergency Management Agency and hundreds of Hurricane Sandy victims cheated out of insurance money have hit a major setback, according to people familiar with the negotiations.
At a status hearing Tuesday in Brooklyn Federal Court, a tentative deal to pay each of the nearly 700 claimants an average settlement of $112,000 has collapsed, sources said.
Lawyers and congressional aides tracking the talks said Homeland Security Department General Counsel Stephen Bunnell overruled a FEMA decision to offer homeowners additional funds equal to 25% of payouts to cover legal fees and other expenses.”
Read the full story here
Like this article? Chip in $5
Leave a Reply