AA, United Liability Limited To $2.8B In WTC Case

Law360, New York (December 12, 2008, 12:00 AM EST) -- Real estate developer Larry Silverstein's World Trade Center Properties LLC and several holding companies won't be able to recover the $16.2 billion in damages they've been seeking if they win their case against defendants including American Airlines Inc. and United Air Lines Inc. over the terrorist attacks that destroyed the World Trade Center, a judge has ruled.

Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York signed off on an opinion on Wednesday holding that the market value of...
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