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Judge approves American Airlines-Cantor Fitzgerald 9/11 settlement

Judge Alvin K. Hellerstein said Cantor’s case has “never been encountered before in American court”

A U.S. district court has approved the $135 million settlement between law firm Cantor Fitzgerald and American Airlines, stemming from a lawsuit that claimed the airline’s security measures were negligent and allowed the terrorist attack on the World Trade Center on Sept. 11, 2001.

U.S. District Judge Alvin K. Hellerstein in Manhattan ruled that the settlement was “fair and reasonable” and that the $135 million sum accurately represented Cantor Fitzgerald’s property damages as well as compensation for business interruption resulting from the attack. Cantor Fitzgerald had offices in the north tower of the World Trade Center and lost 658 employees in the attack.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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