Tags: world | trade | sue | terror

World Trade Center Wants Airlines to Pay More Over 9/11 Attacks

Tuesday, 16 Jul 2013 11:50 PM

By Todd Beamon

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The airlines whose planes were flown into the World Trade Center on Sept. 11, 2001, should pay billions in compensation to the owner of the Twin Towers, according to testimony in federal court in New York on Tuesday.

Larry Silverstein, owner of World Trade Center Properties, is seeking $3.5 billion from United Airlines, US Airways and American Airlines, even though he already has been paid nearly $5 billion from his insurance company because of the attacks.

U.S. District Judge Alvin Hellerstein in Manhattan is hearing arguments before ruling on whether World Trade Center Properties can sue the airlines, the Daily Mail of London reports.

Arguments began on Monday and a ruling is expected this week.

More than 2,750 people died in the attacks on the World Trade Center. Two of the four passenger airliners hijacked by al-Qaida terrorists crashed into the complex.

Both structures fell within two hours, causing partial or complete collapse of all other buildings in the complex, as well as major damage to 10 other large surrounding buildings.

In their opening statement, Silverstein’s lawyers contended that the funds already received did not preclude them from separately pursuing damages against the airline companies.

Richard Williamson, who represents World Trade Center Properties, said that accounting and construction experts had assessed damages of at least $7.2 billion from the 9/11 attacks.

One World Trade Center, which topped out earlier this year and became the tallest building in the western hemisphere at 1,776 feet, cost an estimated $3.9 billion, the Mail reports. It is scheduled to open in early next year.

But Roger Podesta, an attorney representing the airlines, said the $3.5 billion being sought for the destruction of the Twin Towers and a third skyscraper would amount to double compensation.

He said an $8.5 billion total recovery would be more than 2 1/2 times the fair value of the buildings that fell, the Mail reports.

Silverstein’s attorneys said it had cost more than $7 billion to replace the towers and more than $1 billion to replace the third WTC building that fell.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Transgendered People Likely to Be Permitted to Serve in Military

Wednesday, 27 Aug 2014 12:46 PM

The Obama administration and Department of Defense likely will take action soon to allow transgendered military personne . . .

Vermont Town Embroiled in Debate Over 'Bacon' Sign

Wednesday, 27 Aug 2014 12:35 PM

A Winooski, Vermont, restaurant is at the center of a social media firestorm for removing a sign touting its bacon after . . .

Obama Facing Push From Both Sides on Immigration

Wednesday, 27 Aug 2014 12:29 PM

Lawmakers from both sides are pushing President Barack Obama on immigration, with advocates pressuring him to use his ex . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved