The business that lost more employees than any other in the September 11 attacks on the World Trade Center is being sued for $1 million in back rent.
Cantor Fitzgerald, a bond trading firm that occupied five floors near the top of the 110-story north tower, owes roughly six weeks rent to Silverstein Properties, which took over management of the Trade Center in July 2001.
Realtor Larry Silverstein leased the complex from its owners, the Port Authority of New York and New Jersey, for $124 million a year and continues to make payments.
In a suit filed Friday in New York State Supreme Court, Silverstein sued Cantor Fitzgerald for $1,027,685.96, representing the firm's unpaid rent from August 1 through September 10, 2001.
A Silverstein spokesman said Cantor Fitzgerald was the only business among dozens that once occupied the twin towers that has not settled its obligations. [...]
One out of four victims of the Trade Center terrorist attack worked at Cantor Fitzgerald, which lost 658 employees.
"Many other tenants also lost people, and they did not force us to go to this extent to collect," McKelvey said.
Yeah, what bastards. Imagine that, Cantor Fitzgerald lose over 600 of their employees in a fucking appalling terrorist attack and then they have the fucking nerve to think they can get away with not paying their back rent. Imagine forcing poor Larry to go to these extremes, poor man who can only afford to pay $123m out of his $124m lease. What bastardry, Cantor Fitzgerald, to inconvenience poor Larry like this!
Article comments
1 - Phillip Winn
I suspect that there is more information, and I can more or less see both sides here. There have been rumblings and rumors that Cantor Fitzgerald has been less than forthcoming on their financial obligations to the families of their lost employees as well, even while the CEO was crying his eyes out on television. I was moved by the television appearances, but if it is more an act than anything else, then I say sue the rat into the ground. If every other tenant has managed to pay - every single one - then I'd like to hear both sides of this.
Of course, it's worth noting that no other tenant lost anywhere near the staff that CF lost, so that certainly is a factor.
BTW, your math might have missed an important point: Larry Silverstein is still making payments. He's paying $124 million a year ($10 million a month) and receive how much income from WTC tenants? That's right, none whatsoever. So let's not assume that Larry doesn't need the money. It sounds like he's pretty screwed as a result of the attacks as well.
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