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Court ruled he can no longer collect money from 9/11 wtc collapse. He's collected around 5 billion dollars so far.
Was trying to get another 3.8 billion from the Aviation Administration
http://www.nydailynews.com/new-york/wtc-owners-bid-sue-airlines-blocked-article-1.1402923
This dude is 82 years old.
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.
Read more: http://www.nydailynews.com/new-york...lines-blocked-article-1.1402923#ixzz2ZaEMJtS9
Was trying to get another 3.8 billion from the Aviation Administration
http://www.nydailynews.com/new-york/wtc-owners-bid-sue-airlines-blocked-article-1.1402923
This dude is 82 years old.
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.
Read more: http://www.nydailynews.com/new-york...lines-blocked-article-1.1402923#ixzz2ZaEMJtS9
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.
“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 latter’s 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 Silverstein’s 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.”
United Airlines Flight 175 and American Airlines Flight 11, both flying out of Boston, were hijacked and flown into the 110-story skyscrapers.
Silverstein, in a statement, promised an appeal.
“We will not rest until we have exhausted every option to insure that the aviation industry’s insurers pay their fair share toward the complete rebuilding of the World Trade Center,” the statement declared.