SR INTERN. BUSINESS INS. v. WORLD TRADE CENTER

No. 01 CIV. 9291(MBM).

381 F.Supp.2d 250 (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.

June 8, 2005.


Attorney(s) appearing for the Case

Barry R. Ostrager, Mary Kay Vyskocil, Simpson Thacher & Bartlett LLP, New York, NY, for Plaintiff-Counterclaim Defendant SR International Business Insurance Co., Ltd.

Christopher S. Finazzo, Robert F. Cossolini, Michael Mernin, Short Hills, NJ, for Plaintiff-Counterclaim Defendant Employers Insurance of Wausau.

Herbert M. Wachtell, Peter C. Hein, Esq., Eric M. Roth, Wachtell, Lipton, Rosen & Katz, New York, NY, for Defendants-Counterclaimants World Trade Center Properties LLC, Silverstein Properties Inc., Silverstein WTC Mgmt. Co. LLC, 1 World Trade Center LLC, 2 World Trade Center LLC, 4 World Trade Center LLC, and 5 World Trade Center LLC.

John H. Gross, Proskauer Rose LLP, New York, NY, for Defendants-Counterclaimants World Trade Center Properties LLC, Silverstein Properties Inc., Silverstein WTC Mgmt. Co. LLC, 1 World Trade Center LLC, 2 World Trade Center LLC, 4 World Trade Center LLC, and 5 World Trade Center LLC.


OPINION AND ORDER

MUKASEY, District Judge.

The related entities that have been referred to in this litigation as the Silverstein Parties seek to compel SR International Business Insurance Company ("Swiss Re") to pay actual cash value ("ACV") up to its share of a "one-occurrence" policy limit in the amount of $796,467,5681 plus prejudgment interest, and have moved for a partial summary...

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