WTC Developer, Airlines Settle Art Loss Claims

Law360, New York (August 28, 2013, 1:50 PM EDT) -- A group of airlines that recently dodged the World Trade Center developer’s attempt to pursue billions in damages over losses from the Sept. 11, 2001, terrorist attacks on Tuesday agreed to pay about $900,000 for destroyed artwork, clearing the way for the developer’s appeal.

U.S. District Judge Alvin K. Hellerstein in July found that insurance payments in excess of $4 billion adequately covered World Trade Center Properties LLC and 7 World Trade Co. LP owner Larry Silverstein’s losses and offset any potential damages they may have...
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