NEW YORK (AP) – New York-based financial services firm Cantor Fitzgerald says it has nearly completed a deal with American Airlines and insurance carriers to settle a lawsuit it brought after the Sept. 11 attacks killed 658 of its 1,000 employees.
Cantor Fitzgerald attorney John Stoviak told a federal judge at a Manhattan hearing Thursday a final signed agreement may be ready by Tuesday.
American Airlines lawyer Desmond Barry says about 40 insurance carriers worldwide must agree to let him sign for them. He says their money is in escrow.
Stoviak told the judge the amount of the agreement will be made public after court approval, expected next year.
Cantor originally sued for more than $1 billion in damages after the attacks, in which hijacked airplanes crashed into the World Trade Center.
Fort Worth, Texas-based American is part of American Airlines Group Inc.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- New John F. Kennedy Stamp Marks Centennial Of His Birth
- Cousins Trade Fallout: Time For Mavericks To Sell
- Missing Texas Dad Of 3 Found Alive, Met Someone Online
- Walmart Testing Out Convenience Store In Crowley
- Texas Child Welfare Agency Adding New Employees
- Cowboys Fan Attacked, Beaten After Thanksgiving Day Game
- Texas Gov. Perry Signs “Merry Christmas” Bill
- Icy Weather Cancels Flights At DFW Airport
- Before Drug Sentencing Former Cowboy Sends Letter To CBS 11
- 4th Abduction Attempt In Tarrant County
- PHOTOS: Your Pet Pictures