American Airlines and its insurers will pay $135 million to Cantor Fitzgerald for business interruption and property damage that allegedly flowed from the airline’s negligence in allowing terrorists to board the plane that destroyed the north tower of the World Trade Center on Sept. 11, 2001.
Attorney John Stoviak of Saul Ewing LLP, one of the attorneys who represents the financial services firm that lost 658 of its 1,000 employees who worked in the top five floors of the tower, told Southern District Judge Alvin Hellerstein (See Profile) at a Tuesday hearing that the airline agreed to pay the money to resolve the last of 21 cases seeking damages against the airlines.
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