Business

Financial Firm Cantor Fitzgerald Settling 9/11 Suit With American Airlines

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

185992939 10 Financial Firm Cantor Fitzgerald  Settling 9/11 Suit With American AirlinesHot Halloween Costumes

3258814 Financial Firm Cantor Fitzgerald  Settling 9/11 Suit With American AirlinesTop 10 Horror Films

 alt=Musicians Then And Now

452359772 10 Financial Firm Cantor Fitzgerald  Settling 9/11 Suit With American AirlinesBikinis Because We're Missing Summer

 alt=Celebrities And Their Dogs

cowb thumb Financial Firm Cantor Fitzgerald  Settling 9/11 Suit With American AirlinesCowboys Cheerleaders

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 This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending:

View Comments