Also in this playlist...
This transcript is automatically generated
Thought nearly twelve years after the 9/11 attacks a new trial beginning today will decide whether airlines will have to pay the owners of the world trade center of billions of dollars in damages now the owners -- the airlines.
Boeing and multiple other aviation defendants accusing them of being negligent in the attacks joining us now.
Fox News senior judicial analyst judge Andrew -- some of the break -- -- down -- Actually trade case judge what shall take.
Well it's it's enormously complicated -- remember that the people that are suing didn't own the World Trade Center.
They had leasehold rights to the world trade center -- long term leases when -- they acquire those leases and July 16.
Just two months -- comes two months out before they -- -- catastrophe of nine elevenths.
So they've already collected four point nine billion.
On their loss of a right to collect rent because the building was to android.
They're seeking as much as 25 or thirty billion more.
The building was only valued at seven billion.
So the airlines are saying right at the -- you guys are trying to make a windfall you're trying to get more from us and you would have gotten from the tenants who were in here of -- do for the bills was on to get to this point because the ownership of that building.
The ownership of the real estate.
And who has the right to collect money when the building was destroyed is enormously.
Complicated and I'll give it she went in -- -- 32 version.
That building consists of private property and city property which eventually was condemned by the Port Authority when they built the World Trade Center.
But they didn't condemn all of that.
And the city didn't take property what -- -- to what it said it was gonna take title to and it didn't divest itself of what it was supposed to divest itself was stated differently.
It's sixteen acres most of which is -- otherworldly the by the Port Authority some of which is still on by the city.
All of which was leased out some of which was reimbursed and much of which wasn't -- okay -- -- federal judge and not a jury's gonna try and sort this happen.
Now doesn't come down that liability could -- okay airline -- -- -- -- you what you you could answer that question is the Massachusetts Port Authority liable for -- those youngsters get on the planes are now are the airlines liable for letting the monsters fly the planes is the Port Authority itself liable for not having health insurance to cover all of its own damages.
This is what a federal judge will decide not how much they're liable.
But just who was liable and once he decides who's liable they'll be a second trial to decide who has to pay how much money in -- and that will be appealed no doubt.
My -- along that he could lead doesn't know it's a great question my guess -- been going on for so long once this federal judge truly a hard working very bright guy judge Calvin -- steam.
Decides who is liable.
The carrier -- and the insurer and and the airlines will pay just you know what I don't think that decision will be appealed I think we'll be resolved amicably he could arguably come out and say you're all liable couldn't.
Well well yes he could and and to make this even more complicated there are some insurance companies that are both plaintiffs they are suing.
And defendants because they insure some of the airlines so it's it's really.
At that what with deference to the good people of the city of New York too complicated for -- jury it requires.
He jurists to to resolve this and he said I'm gonna giving answered that last day of the trial.
Now that could be six months without or -- six years from now and -- now -- -- take a penny to big flow chart because this is really it's a complicated.
It is it is meantime the they Freedom Tower.
Almost built almost -- loans that no Freedom Tower can't tell you probably afford a car crash.
-- -- -- as always think Erica my pleasure.
Filter by section