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…