Cantor Fitzgerald Settles 9/11 Case Against American
Cantor Fitzgerald LP settled a lawsuit accusing American Airlines (AAL) of failing to stop the hijacking of a plane that crashed into the World Trade Center on Sept. 11, 2001, killing 658 of the firm’s employees.
U.S. District Judge Alvin K. Hellerstein in Manhattan was told of the agreement at a hearing today, according to court records. Hellerstein scheduled a Jan. 13 hearing to consider approving the accord.
The settlement of the lawsuit, filed almost 10 years ago, comes four days after American’s parent, AMR Corp., completed a merger with US Airways Group Inc. to form American Airlines Group Inc.