If the name Cantor Fitzgerald seems familiar, that may be because the securities firm suffered the greatest number of casualties of any single company on Sept. 11, 2001, when 658 Cantor Fitzgerald employees died in the terror attacks.
Now the firm is seeking permission to continue its lawsuit against American Airlines, despite a stay on lawsuits against the airline in the wake of its bankruptcy filing last November.
Employees Died After American Flight Hit North Tower
American Airlines flight 11 hit the North Tower of the World Trade Center smashing into the 93rd through the 99th floors of the building. The offices of Cantor Fitzgerald were on four floors above that, and those trapped inside never had a chance. The only reason the CEO wasn’t among the victims is because he was taking his young son to the child’s first day of kindergarten.
Firm Wants to Recover 9/11 Damages from Airline
In its request to continue its suit against the airline, Cantor Fitzgerald noted that, “The impact of the automatic stay causes significant harm to Cantor Fitzgerald because it further delays Cantor Fitzgerald’s ability to recover a portion of the damages it suffered as a result of the events of September 11, 2011 – over ten years ago.” According to a report published last summer, the company’s own relief fund “distributed more than $180 million to the families of Cantor victims and provided them with health insurance for the past ten years.”
American is the last of the legacy carriers to file for bankruptcy in the wake of 9/11. Both United and US Airways sought this protection in 2002, while Delta filed in 2005.