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Did WTC Owner Larry Silverstein Just Make Another $1.2 Billion From 9/11?

Larry Silverstein has won another court case and potentially hundreds-of-millions of more dollars due to the demolitions of 3 World Trade Center buildings on 9/11.

This article was originally posted at All Gov, with the bold added by myself:

American Airlines and United Airlines along with two airport security firms will have to pay a $1.2 billion settlement for damage caused to property during the September 11, 2001, attacks on the World Trade Center.
 
Approved by the Second Circuit Court of Appeals, the deal settles numerous property-damage lawsuits that were filed after the terrorist attacks involving American Airlines Flight 11 and United Air Lines Flight 175 struck Towers One and Two of the former World Trade Center.
 
The other two defendants in the case were Globe Airport Security, which screened passengers boarding American Flight 11 in Boston, and Huntleigh, which did the same for United Flight 175. Under the agreement, American Airlines and Globe will pay 60% of the damages and United and Huntleigh will pay the remaining 40%.

The plaintiffs in the case are the owners of the World Trade Center and numerous insurance companies. They had originally sought $4.4 billion from the airlines and security companies

It would be interesting now to find out exactly which "numerous insurance companies" benefitted from this lawsuit with Larry Silverstein; and if they were the same insurance companies that were sued by Larry Silverstein in years prior.

For more context and background in general here are some entries from the Complete 9/11 Timeline.

May 2002: Silverstein Properties Awarded Insurance Payout for WTC 7

  • Industrial Risk Insurers agrees to make a full payment under its $861 million policy for the loss of World Trade Center Building 7, a 47- story office building which completely collapsed late in the afternoon of 9/11.

May 23, 2007: $2 Billion Settlement Ends Long Dispute Over WTC Insurance

  • Insurance companies reach a $2 billion settlement with real estate development and investment firm Silverstein Properties for the destruction of the World Trade Center on 9/11. The agreement, which involves seven of the two-dozen insurers for the WTC, ends more than five years of legal wrangling. The other insurance companies involved have already paid out about $2.55 billion, meaning the total payout will be $4.55 billion

March 18, 2008: WTC Developer Wants over $12 Billion Damages for 9/11

  • It is revealed that Larry Silverstein, the developer of Ground Zero, is seeking $12.3 billion in damages from airlines and airport security companies for the attacks on 9/11. Silverstein sought the damages in a claim filed in 2004, alleging that the companies failed to prevent the hijackers from taking over the planes that destroyed the World Trade Center buildings. 

 

 

 

It is you and me the ordinary people who are paying for 911 loss

John MITCHELL
Herblay FRANCE

bonjour,
the insurance companies pay Larry Silverstein then they put up the insurance payments paid by us so in the end it is not the insurance companies who lose out but you and me. We are the ones paying Larry Silverstein to get richer on the 911 attacks !

The court filings are copied

The court filings are copied here:

http://www.leagle.com/xmlResult.aspx?xmldoc=In%20FCO%2020110408055.xml&d...

including the list of plaintiffs (Silverstein via WTCProperty) and defendants (Airlines and many insurance agencies)