Wall St firm settles 9/11 case against American
Cantor Fitzgerald which lost 658 staff to receive US$135m
[NEW YORK] More than a dozen years after the Sept 11 attacks, a last major piece of litigation against the airline industry and other defendants moved towards an end on Tuesday, as the Wall Street firm Cantor Fitzgerald revealed that it would settle its lawsuit for US$135 million.
Cantor had accused American Airlines of negligence in allowing five terrorists to board the plane in Boston that crashed into the World Trade Center's north tower, killing 658 of Cantor's almost 1,000 employees in New York.
No amount of money, of course, could compensate Cantor or its families for the losses on 9/11, but the agreement, announced less than a month before the case was to be tried in Manhattan, followed years of legal sparring over what damages Cantor could seek.
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