Printer Friendly
The Free Library
19,122,083 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Silverstein suing for WTC back rent.


A lawsuit was filed in State Supreme Court last week claiming that Cantor Fitzgerald Cantor Fitzgerald L.P. is a global financial services firm specializing in bond trading, as well as investment banking, asset management, market data and brokerage services.  Securities, an occupant of 1 World Trade Center before the Sept. 11, 2001 terrorist attacks, owes more than $1 million in back rent to the former leaseholder of the tower.

The leaseholder, 1 World Trade Center L.L.C., filed the suit on May 23, after several attempts to collect $1,027, 685.96 in rent from Aug. 1 through Sept. 10, 2001 from Cantor Securities failed, according to The New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Times.

Cantor Fitzgerald, which occupied floors near the top of the tower, is a bond brokerage firm that lost 658 of its 1,050 employees when an American Airliner flew into the building. The court papers say that 1 World Trade Center L. L C. is obligated ob·li·gate  
tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates
1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force.

2. To cause to be grateful or indebted; oblige.
 to pay rent to the owners of the building, the Port Authority of New York and New Jersey Port Authority of New York and New Jersey, self-sustaining public corporation established in 1921 by the states of New York and New Jersey to administer the activities of the New York–New Jersey port area, which has a waterfront of c. , even though the building was destroyed.
COPYRIGHT 2003 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:World Trade Center L.L.C.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 4, 2003
Words:157
Previous Article:SL Green to sell 1370 Broadway.
Next Article:Lindy's extends lease: riese planning to do major renovations.
Topics:



Related Articles
Silverstein sues Travelers over trade center claims. (Briefing).
Swiss Re files lawsuit against Silverstein prop.
Silverstein opens show with vow to rebuild.
PA land swap deal is off the books.
Silverstein far from ready to give up his rights.
WTC solution to space crunch.
Future demand will support WTC office space, IBO finds.
Rebirth of Lower Manhattan celebrated at PWC conference.
Lower Manhattan is back.
Silverstein back in buying business with $400m deal.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles