i-law

Liability Risk and Insurance

Cantor lambasts fund

Cantor Fitzgerald, the hardest hit firm in the Twin Towers with the loss of 658 employees, has prepared a report criticising the federal fund as unfair and providing families with hundreds of millions of dollars less than they are due. It also contends that it violates several federal laws, by setting an upper limit on awards and by basing awards on after-tax projections of lost income, thus reducing payments by at least one third.

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