WTC owner Silversteins bid to sue airlines for 9/11 attacks blocked
By Larry McShane | DailyNews
The owners of the World Trade Center were blocked Thursday from filing a multibillion-dollar lawsuit against the two airlines whose hijacked planes brought down the twin towers.
The ruling from Manhattan Federal Judge Alvin Hellerstein came after a four-day trial where the doomed skyscrapers owners sought to sue for at least $3.5 billion in the 9/11 terrorist attack.
Developer Larry Silverstein and World Trade Center Properties, which alleges the airlines were negligent for allowing the terrorists to board the planes, have already collected nearly $5 billion toward reconstruction.
If this case were to go forward, the WTC companies would not be able to recover anything against the airlines, Hellerstein ruled in the non-jury trial.
Real estate developer Larry Silverstein and World Trade Center Properties have already collected nearly $5 billion toward reconstruction.
But they sought additional money from United Airlines Inc., American Airlines Inc. and the latters parent company, AMR Corp., alleging their negligence let the terrorists board the flights.
In addition to the twin towers, a third skyscraper 7 World Trade Center was destroyed by the attack.
Hellerstein ruled that Silversteins multibillion-dollar insurance compensation stopped him from filing a lawsuit against the airlines.
He cited state laws barring windfalls and double recovery on the same loss.
Read the full article at: nydailynews.com
READ: Pull The Other One: Silverstein says calling 9/11 act of war is a shameful display of duplicity
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