World Trade Center Developer Loses Final 9/11 Lawsuit Against Insurer

Monday, August 6th, 2018 Excess & Surplus Lines Liability Litigation Property

A federal judge on Thursday rejected a lawsuit by the developer of New York’s World Trade Center seeking to take a $14 million cut of a settlement between its insurer and airlines over the Sept. 11, 2001, attacks. The ruling from U.S. District Judge Alvin Hellerstein in Manhattan dismissing the developer’s claims against QBE Insurance Group Ltd resolves the last remaining dispute in a sprawling litigation over liability from the deadly attacks. Scott Katz, a lawyer for QBE, declined to comment. Tyrone Childress, a lawyer for World Trade Center Properties LLC, could not immediately be reached.


External References & Further Reading
https://www.reuters.com/article/us-usa-sept11-insurance/world-trade-center-developer-loses-final-9-11-lawsuit-against-insurer-idUSKBN1KN2OL
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