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SR INTERN. BUSINESS INSURANCE CO. v. WORLD TRADE CEN. PROPERTIES

No. 01 CIV.9291(MBM).

407 F.Supp.2d 587 (2006)

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.

January 11, 2006.

Attorney(s) appearing for the Case

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

Marc Wolinsky, Esq., Ben M. Germana, Esq., Gordon M. Mead, Jr., Esq., Wachtell, Lipton, Rosen & Katz, New York City, 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, Esq., Proskauer Rose LLP, New York City, 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.

On June 8, 2005, I signed and released to the parties an opinion denying a motion by the entities referred to in this litigation as the Silverstein Parties 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 an amount exceeding $796 million, plus prejudgment interest. That opinion inter alia rejected an argument...

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