hallerstein

Larry Silverstein Sues Airlines for more billions from 9/11

NYC ruling limits airlines' liability for 9/11
Judge limits liability of aviation defendants to replacement costs of WTC towers
December 12, 2008: 11:27 AM ET
http://money.cnn.com/news/newsfeeds/articles/apwire/bc2a102fca052df941033e0e4c3a4ade.htm

NEW YORK (Associated Press) - A judge says developer Larry Silverstein cannot recover more from the aviation industry than the $2.8 billion value of the World Trade Center if his lawsuits succeed.

Federal Judge Alvin Hellerstein made the determination in a ruling filed Thursday. The decision carried Wednesday's date.

Hellerstein rejected Silverstein's claims that his company would be entitled to as much as $16.2 billion from American Airlines, United Airlines and other aviation defendants.

A lawsuit on behalf of Silverstein's companies claimed that negligence by the airlines allowed the terrorists to hijack planes that struck the twin towers on Sept. 11, 2001.

The aviation defendants denied liability.

A call to Silverstein's lawyer wasn't immediately returned. Top of page