World Trade Center Properties, L.L.C. et al v. United Airlines, Inc. et al, No. 1:2008cv03719 - Document 88 (S.D.N.Y. 2010)

Court Description: ORDER AND OPINION GRANTING JOINT MOTION APPROVING PROPERTY DAMAGE SETTLEMENTS. For the reasons discussed in this Opinion, I grant the settling parties' joint motion for Orders approving the Settlement Agreement and Mutual Release of Claims dated February 23, 2010. I find the proposed settlements to be fair, reasonable and consistent with the ATSSSA, I approve them, I order all amounts paid pursuant to the settlement agreement to be credited against the settling defendants' respective l iability ceilings under § 408(a)(1) of the ATSSSA, I dismiss each settling plaintiff's claims with prejudice as to all Aviation Defendants, I direct entry of a final judgment, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, in each of the settling plaintiff's actions in accordance with the terms of the settlement agreement, and I find that payment by Huntleigh's insurers has exhausted the limits of Huntleigh's liability insurance coverage. The Clerk shall mark the motion (Doc. No.1080) as terminated. (Signed by Judge Alvin K. Hellerstein on 7/1/10) Filed In Associated Cases: 1:21-mc-00101-AKH, 1:08-cv-03719-AKH, 1:08-cv-03722-AKH(rjm)