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    Posted on October 31, 2011 To

    Second Circuit Affirms $1.2 Billion 9/11 Property Damage Settlement

    Douglas J. Pepe, cochairs of the Experts and Evidence Subcommittee of the Mass Torts Committee The United States Court of Appeals for the Second Circuit recently approved a settlement resolving the bulk of the 9/11-related property damage and insurance subrogation claims against airlines and security companies for an aggregate settlement amount of $1.2 billion. In its opinion, the Second Circuit held that the statute governing the 9/11 litigation-the Air Transportation Safety and System Stabilization Act…

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