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Port Authority Tentatively Agrees to $47.5 Million 9/11 Settlement

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The Port Authority, the owner of the World Trade Center property, has tentatively agreed to pay $47.5 million to settle lawsuits by more than 9,000 people exposed to toxic dust during the aftermath of the 9/11 attacks.

A federal judge overseeing the litigation revealed the settlement in an order filed today. The deal is subject to approval by the Port Authority's board. Ninety-five percent of the plaintiffs also have to opt-in by November 8 in order for it to become valid.

The settlement was negotiated on behalf of workers and first responders who named the Port Authority as defendants in their lawsuits. All of the plaintiffs, as well as about 1,000 others, are also involved in litigation against New York City.

The city agreed earlier this year to settle those lawsuits for a maximum of $712 million, as long as sufficient numbers of plaintiffs agree not to pursue additional claims.