WTC Owner Blasts American, United's 9/11 Act Of War Defense

Law360, New York (February 20, 2013, 3:18 PM EST) -- The owner of the World Trade Center asked a New York federal judge Wednesday to toss American Airlines Inc. and United Airlines Inc.'s claim that they aren't liable for damage caused by the 9/11 attacks because it was an “act of war,” arguing that the airlines and their insurers waived their right to this defense at the time of the tragedy.

Claiming that American and United are “engaged in a shameful display of duplicity,” World Trade Center Properties LLC accused the defendants of a bait-and-switch, asking...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.