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World Trade Center owners lose 9/11 compensation bid World Trade Center owners lose 9/11 compensation bid
(35 minutes later)
Owners of the World Trade Center cannot demand billions more dollars in compensation for the 9/11 attacks, a New York judge has ruled.Owners of the World Trade Center cannot demand billions more dollars in compensation for the 9/11 attacks, a New York judge has ruled.
The twin towers owners wanted more insurance money, in addition to the $5bn (£3.3bn) already claimed, from the airlines of the hijacked planes.The twin towers owners wanted more insurance money, in addition to the $5bn (£3.3bn) already claimed, from the airlines of the hijacked planes.
But lawyers for the airlines said the claims amounted to double compensation.But lawyers for the airlines said the claims amounted to double compensation.
Nearly 3,000 people died when al-Qaeda militants flew jets into the twin towers, causing their collapse.Nearly 3,000 people died when al-Qaeda militants flew jets into the twin towers, causing their collapse.
The judge ruled at the end of Thursday's hearing, without a jury.The judge ruled at the end of Thursday's hearing, without a jury.
Developer Larry Silverstein and World Trade Center Properties argued in court that the airlines owed them at least $3.5bn for letting hijackers on to the planes that razed three skyscrapers - the iconic twin towers as well as 7 World Trade Center. Developer Larry Silverstein and World Trade Center Properties argued in court that the airlines owed them at least $3.5bn for letting hijackers on to the planes that razed three skyscrapers - the twin towers as well as 7 World Trade Center.
A 47-storey building, 7 World Trade Center, caught fire from falling debris and eventually collapsed. A 47-storey building, 7 World Trade Center caught fire from falling debris and eventually collapsed.
But the lawyers for US Airways, United Airlines, American Airlines and parent company AMR Corp said a total recovery of $8.5bn would amount to more than two-and-a-half times the value of the original buildings.But the lawyers for US Airways, United Airlines, American Airlines and parent company AMR Corp said a total recovery of $8.5bn would amount to more than two-and-a-half times the value of the original buildings.
The World Trade Center alleged that damage from 9/11 totalled as much as $7.2bn.The World Trade Center alleged that damage from 9/11 totalled as much as $7.2bn.
It has cost more than $8bn to replace the three buildings.It has cost more than $8bn to replace the three buildings.
Owners of the World Trade Center have said they will appeal.Owners of the World Trade Center have said they will appeal.