Cantor Fitzgerald 9/11 lawsuit finally settled

World Trade Center Lights

Cantor Fitzgerald settled a lawsuit accusing American Airlines of failing to stop the hijacking of a plane that crashed into the World Trade Center on September 11th 2001, killing 658 of the firm’s employees.

Bloomberg reports that U.S. District Judge Alvin K. Hellerstein in Manhattan was told of the agreement at a hearing last week, according to court records. Hellerstein scheduled a January 13th hearing to consider approving the accord.

The settlement of the lawsuit, filed almost 10 years ago, comes four days after American’s parent, AMR Corp., completed a merger with US Airways to form American Airlines.

Al-Qaeda terrorists flew the American Airlines jet into one of the twin towers and a United Airlines jet into the other, causing both buildings to burn and collapse. Two other planes were hijacked, one that hit the Pentagon near Washington and another that crashed in a field in Pennsylvania after passengers fought the terrorists. About 3,000 people died.

To access the complete Bloomberg article hit the link below:

Cantor Fitzgerald Settles 9/11 Case Against American 

London Bankers Expect 44% Bonus Increase, survey finds

image: © Scott Hudson

Register for Financial Markets News Alerts