Cantor Fitzgerald’s bid to win more than $1 billion in damages from American Airlines for negligence in failing to prevent one of the Sept. 11, 2001, hijackings that ended in destruction of the World Trade Center has been rejected as excessive by a federal judge.
Judge Alvin K. Hellerstein of the U.S. District Court for the Southern District of New York ruled Wednesday in Cantor Fitzgerald & Co. v. American Airlines Inc. that the financial services firm, which lost 658 employees in the terror attacks, presented an amended damages claim that was “substantially inflated by the losses caused by the deaths of its employees.”
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