New York property tycoon receives more money from 9/11 claims.
New York entrepreneur Larry Silverstein has been awarded $95 million in claims made concerning the 9/11 terror attacks.
‘Lucky’ Larry Silverstein didn’t seem so lucky when the attacks happened, having just signed a 99 year lease on the World Trade Center 2 months before the horrendous attacks which changed the world.
Aside from the human pain that came from the attacks, the massive loss of life and the creation of the world of fear we now live in, the attacks were catastrophic for the stock market and they economy of New York, and the rest of the U.S.
Since 9/11, billions of dollars have been payed out in various forms of compensation to the victims of the families and anyone who was affected by the attacks.
Larry Silverstein has filed several lawsuits against different organizations for the effects that the attacks has on his business and his bank balance.
He has recently been awarded another $95 million in damages from American Airlines and United Continental Holdings.
Reuters have reported that spokesman for Silverstein, Bud Perrone has said “We are pleased to have finally reached a resolution to this piece of post-9/11 litigation.”
Silverstein alone has received $4.5 billion in lawsuits he has filed since the event. CBS Moneywatch reported in 2008:
“The state and seven insurers have reached a settlement that secures more than $4.5 billion in funding to rebuild ground zero.
About $2.55 billion has already been paid out by two dozen insurers since the Sept. 11, 2001, attacks that destroyed the twin towers. The remaining insurers agreed to pay $2 billion and drop several court battles over how much they owe in insurance to replace the trade center.”
Silverstein was responsible for the re-opening of the World Trade Center buildings in 2014 after receiving funds to do so from the New York Port Authority.