WTC Owners Rip Airlines' Reduced-Damages Bid In 9/11 Case

Law360, New York (March 20, 2013, 9:20 PM EDT) -- World Trade Center owners on Tuesday pushed back against several airlines’ claim that a settlement with an insurer entitles them to a more than 90 percent reduction in any damages awarded in their battle over 9/11 costs, calling the claim “hypothetical.”

The dispute arises out of a settlement agreement between 7 World Trade Center LP and WTC insurer Industrial Risk Insurers that established if any money was awarded in their legal battle with the airlines, including American Airlines Inc., U.S. Airways Inc. and Delta Air Lines...
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