Lawyers for the survivors and relatives of the 100 people killed in a nightclub fire almost six years ago asked a judge Friday to approve a formula to distribute proceeds from a $176 million settlement.
The lawyers said in court papers that all their clients agreed to the point system, which was developed by a Duke University law professor and awards the most money to the survivors with the largest medical bills.
A federal judge must approve the formula before the settlement money can be paid out.
More than 300 people sued over the Feb. 20, 2003, fire at The Station nightclub in West Warwick, which was sparked by pyrotechnics from the rock band Great White.
Dozens of people and companies, including Anheuser-Busch, Clear Channel Broadcasting and foam manufacturers, have agreed to pay the settlement.
The lawyers also asked for permission to create a settlement trust fund into which the defendants’ money would be deposited.
Topics Legislation Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan 
Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best 
Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators 
Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida 
