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CITIGROUP, INC. v. INDUSTRIAL RISK INSURERS

No. 02 Civ. 7318(MGC).

336 F.Supp.2d 282 (2004)

CITIGROUP, INC., Salomon Smith Barney Holdings Inc., and Salomon Inc., Plaintiffs, v. INDUSTRIAL RISK INSURERS, and Westport Insurance Corporation, Defendants, and 7 World Trade Company, L.P., Intervenor.

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

September 15, 2004.

Attorney(s) appearing for the Case

Bruckmann & Victory, LLP, New York, By Mark F. Bruckmann, Patrick J. Maloney, Timothy G. Church, for Plaintiffs Citigroup, Inc., Salomon Smith Barney Holdings Inc., and Salomon Inc.

Robins, Kaplan, Miller & Ciresi LLP, Boston, MA, By Alan R. Miller, William E. Reed, Peter J. Barrett, Jr., for Defendants Industrial Risk Insurers and Westport Insurance Corporation.

Rosenberg & Estis, P.C., New York, By Luise A. Barrack, for Defendants Industrial Risk Insurers and Westport Insurance Corporation.

Friedman Kaplan Seiler & Adelman LLP, New York, By Eric Seiler, Robert S. Loigman, Katherine L. Pringle, Kent K. Anker, Michael A. Berg, for Intervenor 7 World Trade Company, L.P.

AMENDED OPINION

CEDARBAUM, Judge.

Citigroup, Inc., Salomon Smith Barney Holdings Inc., and Salomon Inc. (collectively "Citigroup"), filed this diversity action against Industrial Risk Insurers and Westport Insurance Corporation (collectively "IRI") to recover insurance proceeds for property it lost when 7 World Trade Center was demolished during the tragic events of September 11, 2001. Citigroup was a tenant in 7 World Trade Center. The insurance...

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