WTC Leasee Wants Cut Of Insurer Settlement

By Mike Cherney

Law360, New York (March 04, 2010, 3:20 PM ET) -- The company that leased the World Trade Center weeks before it was destroyed in the Sept. 11 attacks is seeking a substantial portion of a settlement agreement that resolved a dispute pitting its property insurers against United Air Lines Inc., American Airlines Inc. and others.

World Trade Center Properties LLC, an affiliate of Silverstein Properties Inc., fired off the lawsuit Monday in the U.S. District Court for the Southern District of New York. It said it is entitled to the money because the insurance proceeds it...
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