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US judge says Al-Qaeda owes $9bln to insurance companies for 9/11 attacks

October 15, 2011 - New York

A New York magistrate judge has concluded that Al-Qaeda should pay nine billion dollars to insurance companies for the damage they caused in the September 11 terror attacks.

The group of British, American and Canadian insurance companies sued al Qaeda for damages under the federal Anti-Terrorism Act for 3.1 billion dollars in claims the companies had paid out since Septemeber 11, 2001.

The terror group did not respond and defaulted. Now, Manhattan federal magistrate judge Frank Mass has said that the group should pay the additional penalty called "treble damages," tripling the amount owed to the insurance companies, the New York Daily News reports.

The companies paid for "property loss, business interruption, and related damages, and attested that these damages were directly caused by the September 11th terrorist attacks," Mass said.


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