$100 Million Global Settlement for Loop Office High-Rise Fire Victims
A global settlement of $100 million was approved on April 28, 2008 on behalf of the 22 victims of the Chicago Loop office high-rise building fire in Chicago on October 17, 2003. Four victims were represented by the law firm of Corboy & Demetrio and the total settlement for them was more than $17.3 million.
"This was a long, hard-fought battle. We spent 4 years exposing and proving the indefensible conduct that lead to this tragedy. The last six months, essentially, involved the defendants fighting over their percentages of fault," said Corboy & Demetrio.
"What has been frustrating to these victims and to us as their attorneys is the fact that all the legal maneuvering overlooked the fact that these people were locked in a smoke filled stairwell and forgotten. These defendants finally stepped up and accepted responsibility for an inexcusable event."