Baseball Crank
Covering the Front and Back Pages of the Newspaper
September 26, 2003
LAW/WAR: Silverstein Loses

The Second Circuit today affirmed summary judgment against Larry Silverstein and his related real estate companies, holding that the September 11 attacks on One and Two World Trade Center were a single "occurrence" rather than two "occurrences" within the meaning of the insurance policies on the World Trade Center, and thus that Silverstein is entitled to $3.5 billion rather than $7 billion in insurance proceeds. I mostly just skimmed the 62-page opinion (link opens in PDF form), which appears to be rather dusty reading relating to the negotiation of the various insurance policies; probably the most interesting part looks to be the court's decision that the Port Authority is a citizen of both New York and New Jersey for purposes of federal diversity-of-citizenship jurisdiction.

Of course, if I'd just won a case saving my client $3.5 billion, I'd find that pretty interesting. Congratulations to the 47 lawyers listed as appearing on the appellees' various briefs, including my Constitutional Law professor, Charles Fried, and my college classmate and fellow Harvard Law grad John C. Demers.

Posted by Baseball Crank at 6:00 PM | Law 2002-04 • | War 2002-03 | Comments (0) | TrackBack (0)
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