Harvard Prof Backs WTC Owners' $3.5B Claim Against Airlines

Law360, New York (July 17, 2013, 2:57 PM EDT) -- World Trade Center property owners on Wednesday continued their push at trial for the right to seek as much as $3.5 billion from airlines for losses suffered in the Sept. 11 terrorist attacks, arguing in a Manhattan courtroom that billions in insurance payments they've already received covers only a fraction of their losses.

To support their bid for damages, attorneys representing the owners of the WTC property called to the witness stand Harvard economics and law professor Steven Shavell, who testified that the $4 billion in...
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