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Citigroup Fires Back Over 7WTC Damage Claims

Law360, New York (October 08, 2009) -- 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...

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