Developer Larry Silverstein has lost his attempt to win as much as $3.5 billion from airlines to pay for extra losses he endured as a result of the 9/11 terror attacks on the World Trade Center complex.
Southern District Judge Alvin Hellerstein (See Profile) held on Thursday that Silverstein was fully compensated by his own insurers for the cost of rebuilding and the lost lease income since the buildings were destroyed. He also cannot obtain additional monies because of the alleged negligence of the airlines in allowing hijackers to board their planes, he said.
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