SR INTER. BUSINESS v. WORLD TRADE CENT. PROPERTIES

No. 01 CIV. 9291(MBM).

375 F.Supp.2d 238 (2005)

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.

April 21, 2005.


Attorney(s) appearing for the Case

John B. Massopust, Esq., Mark J. Feinberg, Esq., Roger D. Branigin, Esq., Zelle, Hofmann, Voelbel, Mason & Gette LLP, Minneapolis, MN, for Allianz Insurance Company.

Karl S. Vasiloff, Esq., Paul Sullivan, Esq., Zelle, Hofmann, Voelbel, Mason & Gette LLP, Waltham, MA, for Allianz Insurance Company.

Dale C. Christensen, Jr., Esq., John J. Galban, Esq., Seward & Kissel LLP, New York City, for Allianz Insurance Company.

Harvey Kurzweil, Esq., Robert Morrow, Esq., Dewey Bal York, for Gulf Insurance Company and Travelers Indemnity Company.

Alan R. Miller, Esq., Robins, Kaplan, Miller & Ciresi LLP, Boston, MA, for Gulf Insurance Company, Industrial Risk Insurers, and Travelers Indemnity Company.

Carolyn H. Williams, Esq., Philip A. Sechler, Esq., Williams & Connolly LLP, Washington, DC, for Industrial Risk Insurers.

Michael Barr, Esq., Jane Stevens, Esq., Sandra Hauser, Esq., Sonnenschein, Nath & Rosenthal LLP, New York City, for Royal Indemnity Company.

Milton H. Pachter, Esq., Megan Lee, Esq., Timothy G. Stickelman, Esq., New York City, for The Port Authority of New York and New Jersey.

Timothy G. Reynolds, Esq., Michael J. Balch, Esq., Skadden, Arps, Slate, Meagher & Flom LLP, New York City, for The Port Authority of New York and New Jersey.

Peter K. Rosen, Esq., Vincent H. Herron, Esq., Los Angeles, CA, for WTC Retail LLC, Westfield WTC LLC, Westfield Corporation, Inc., and Westfield America, Inc.

Blair Connelly, Esq., Latham & Watkins LLP, New York City, for WTC Retail LLC, Westfield WTC LLC, Westfield Corporation, Inc., and Westfield America, Inc.


OPINION AND ORDER

MUKASEY, District Judge.

Now before the court is a partial summary judgment motion in which the Appraising Insurers1 seek a bright-line ruling that the compensable World Trade Center ("WTC") retail rental value loss ended on December 30, 2003, the date at which Westfield WTC Holding LLC effectively transferred its leasehold interest in the WTC retail space to the Port Authority of New York and New Jersey ("Port...

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