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WTC Developers Must Establish Damages In 9/11 Insurance Row

Law360, New York (November 28, 2012, 5:02 PM EST) -- A federal judge on Tuesday shot down a bid by World Trade Center developers to recover money from a $1.2 billion settlement between airlines and insurers over property damage from 9/11, saying they hadn't established there are any legally recoverable tort damages exceeding their insurance payout.

The developers had argued they have right of priority to parts of the settlement a slew of insurers received from American Airlines Inc., United Air Lines Inc., Globe Airport Security Services Inc. and Huntleigh USA Corp. for property damage claims,...
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