Steel Supplier Settles Feud Over $6M WTC Antenna 'Ransom'

Law360, New York (October 23, 2012, 3:36 PM EDT) -- The Port Authority of New York and New Jersey and an ADF Group Inc. unit reached a deal Tuesday to settle the Port Authority's claims that the steel contractor supplying materials for the antenna at 1 World Trade Center was holding the metal “ransom” for nearly $6 million.

ADF Steel Corp. and WTC Tower 1 LLC agreed to resolve the dispute, in which WTC 1, through the Port Authority, accused ADF of refusing to ship the antenna steel unless it received $6 million allegedly owed under...
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