SR INTERN. BUSINESS INS. v. WORLD TRADE CENTER

No. 01 CIV. 9291(JSM).

222 F.Supp.2d 385 (2002)

SR INTERNATIONAL BUSINESS INSURANCE CO. LTD., Plaintiff-Counterclaim Defendant, v. WORLD TRADE CENTER PROPERTIES LLC, et al., Defendants-Counterclaimants. World Trade Center Properties LLC, et al., Counterclaimants, v. Allianz Insurance Company, et al., Additional Counterclaim Defendants.

United States District Court, S.D. New York.

September 25, 2002.


Attorney(s) appearing for the Case

Barry R. Ostrager, Mary Kay Vyskocil, Simpson Thacher & Bartlett, New York, NY, Seth Andrew Ribner, Simpson, Thacher & Bartlett, Los Angeles, CA, for SR International Business Insurance Co., Ltd.

Herbert M. Wachtell, Wachtell, Lipton, Rosen & Katz, New York, NY, for World Trade Center Properties, LLC, Silverstein Properties, Inc., Silverstein WTC Managemnet Co., LLC, 1 World Trade Center, LLC, 2 World Trade Center, LLC and 4 World Trade Center, LLC.

Megan Lee, Milton H. Pachter, Newark, NJ, for the Port Authority of New York and New Jersey.

David William Haller, Covington & Burlin, New York, NY, Mitchell F. Dolin, Washington, DC, Michael X. Imbroscio, Washington, DC, for UBS Warburg Real Estate Investments, Inc.

Peter K. Rosen, David C. Bolstad, Mayer Brown Rowe & Maw, Los Angeles, CA, Dennis P. Orr, Ryan P. Farley, Mayer Brown Rowe & Maw, New York City, for Westfield WTC, LLC, Westfield Corporation, Inc. and Westfield America, Inc.

H. Peter Haveles, Cadwalader, Wickersham & Taft, New York, NY, for Wells Fargo Bank Minnesota, NA.

James A. Moss, Herrick, Feinstein, LLP, New York, NY, for Industrial Risk Insurers.

H. Peter Haveles, Cadwalader, Wickersham & Taft, New York, NY, Edward Michael Joyce, Deanna M. Wilcox, Heller, Ehrman, White & McAuliffe, LLP, New York, NY, for GMAC Commercial Mortgage Corporation and Wells Fargo Bank Minnesota, NA.

Dale C. Christensen, Jr., Seward & Kissel, LLP, New York, NY, for Allianz Insurance Company.

William J. Bowman, Patrick F. Hofer, Hogan & Hartson, LLP, Washington, DC, Paula P. Skalaban, Edward B. Parks, Hogan & Hartson, LLP, Washington, DC, for Hartford Fire Insurance Company and Twin City Fire Insurance Co.

Paul B. Galvani, Ropes & Gray, New York, NY, Edward J. Normand, Boies, Schiller & Flexner, LLP, Armonk, NY, for Certain Underwriters at Lloyd's of London.

Michael H. Barr, Sandra Denise Hauser, Edward J. Reich, Sonnenschein, Nath & Rosenthal, New York, NY, for Royal Indemnity Company.


OPINION & ORDER

MARTIN, District Judge.

This litigation has already given rise to several opinions of the Court. Familiarity with those opinions and the background of this litigation is assumed.

At the time of the terrorist attack on the World Trade Center on September 11, 2001, over twenty individual insurance companies had signed binders which obligated them to provide property damage insurance, but, with minor exceptions, they had not issued...

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