Citigroup Fires Back Over 7WTC Damage Claims

Law360, New York (October 8, 2009, 2:00 PM EDT) -- In a dispute over insurance coverage for the destruction of 7 World Trade Center in the Sept. 11 attacks, Citigroup Inc. has fought back against the Port Authority of New York & New Jersey's argument that defects in Citigroup division Salomon Smith Barney's backup generator system caused the collapse.

The financial services giant filed a response to the Port Authority’s motion for summary judgment regarding indemnification of its liability on Wednesday in the U.S. District Court for the Southern District of New York, saying it is...
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