All of the former major tenants of the World Trade Center towers with the exception of Cantor Fitzgerald have acknowledged their obligation to pay rent for their offices through Sept. 10, 2001. Cantor Fitzgerald has refused to do so and this lawsuit is the result. |
Many other tenants also lost people, and they did not force us to go to this extent to collect. |
Obviously, we disagree with the ruling and will consider an appeal at the appropriate time. However, these three insurers' coverage amounts to a total of $112 million per occurrence, so that limiting these insurers to a single occurrence does not have a material effect on the overall amounts of $6.7 billion to be recovered in the litigation. |
The disparity is huge, it's enormous, $3 a pack and counting. It [the lawsuit] is nothing more than trying to attain some equity here, level the playing field. It is not anti-Indian. |