Cantor Fitzgerald Securities is an investment bank specializing in bond trading. It owns the eSpeed network.
Its New York office, on the 101st-105th floors of One World Trade Center, lost 685 employees in the September 11, 2001 Terrorist Attack, considerably more than any other employer, including the FDNY. This was about 2/3 of its employees.
eSpeed had sponsored the U.S. Naval War College "NewRuleSets" research program, which used the two towers of the World Trade Center with a lightning bolt through them as its logo. It had been known since an earlier attack on the WTC in 1993 (the World Trade Center bombing) that it was a major target of asymmetric warfare and terrorism.
Plaintiff CantorFitzgerald, Inc. (“CFI”), was the successor lessee of a 1978 lease with defendant Port Authority of New York and New Jersey for office space at One World Trade Center, New York City.
CFLP maintains that the security deposit was transferred as part of the general assignment of assets.
Nevertheless, a review of the record reflects that CFS carried the security deposit as an asset of the business during the period that the companies were under the common control of their founder.
CantorFitzgerald, the securities firm that suffered enormous losses in the September 11 terrorist attacks in 2001, is being sued for unpaid rent by the property developer behind the World Trade Centre site.
CantorFitzgerald occupied floors close to the top of Tower One in the World Trade Centre and lost 658 employees in the tragedy - almost two-thirds of its workforce.
CantorFitzgerald has refused to do so and this lawsuit is the result." A spokeswoman for CantorFitzgerald said the firm had no comment.
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