Screening Co. Off Hook For Brokerage’s 9/11 Suit

Law360, New York (October 29, 2009, 5:49 PM EDT) -- Brokerage firm Cantor Fitzgerald & Co. has lost a potential $1 billion in damages now that a judge has rejected its bid to belatedly add airport screening company Globe Aviation Services Corp. to a 9/11-related lawsuit.

Judge Alvin Hellerstein of the U.S. District Court for the Southern District of New York denied on Wednesday a motion from Cantor to join Globe and several related companies to the suit as defendants, saying the brokerage's motion came too late in the case.

Hijackers flew American Airlines Flight 11...
To view the full article, register now.