Airline defendants to pay $95 million in 9/11 settlement

Insurers for defendants including American Airlines and United Airlines have agreed to pay $95 million to settle claims that security lapses resulted aircrafts to be hijacked in the Sept. 11 attacks.

The settlement was described in newspapers filed Tuesday in Manhattan federal court. Developers of the new World Trade Center builds had once demanded $3.5 billion from aviation companies after hijacked airliners destroyed three skyscrapers on Sept. 11, 2001.

Developer Larry Silverstein and World Trade Center Property have collected over$ 5 billion from other defendants through numerous suits. The money has aided the reconstruction of builds on the 16 -acre lower Manhattan site.

Earlier settlements included $135 million paid to a financial services firm that lost two-thirds of its employees.

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