American Airlines to Pay Cantor $135 Million Over 9/11
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Cantor Fitzgerald LP will receive $135 million from American Airlines to drop its lawsuit in which the carrier is accused of failing to stop the hijacking of the plane that crashed into the north tower of the World Trade Center on Sept. 11, 2001, killing 658 of the firm’s employees.
Cantor disclosed the accord in a court hearing last week and yesterday told U.S. District Judge Alvin K. Hellerstein in Manhattan the size of the settlement, Robert Hubbell, a spokesman for Cantor, said yesterday in a phone call. A hearing on approval is scheduled for Jan. 13.