A New York federal judge has turned down World Trade Center leaseholder Larry Silverstein's second attempt to have insurance companies cover the cost of defending him in suits over the Sept. 11, 2001, terror attacks. Judge Alvin K. Hellerstein ruled Thursday that evidence showed clearly that the parties did not intend for Silverstein to be compensated for defense costs, and that imposing a defense obligation on other insurers now would create a "windfall" for Silverstein.
June 09, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
World Trade Center leaseholder Larry Silverstein has lost his second attempt to have insurance companies cover the costs of defending him in suits over the Sept. 11, 2001, terror attacks.
Southern District of New York Judge Alvin K. Hellerstein ruled Thursday that the terms of insurance binders that governed coverage for the Trade Center before the attacks, as well as other evidence produced in discovery, show clearly the parties did not intend Silverstein be compensated for defense costs.
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