Andersen's 9/11 Insurance Claim Rejected By NJ Court

Law360, New York (October 11, 2010, 2:50 PM EDT) -- A New Jersey state appeals court has rejected an attempt by defunct accounting firm Arthur Andersen LLP to collect more than $200 million from insurers for business losses allegedly caused by the Sept. 11, 2001, terrorist attacks.

In affirming a lower court decision, the Appellate Division of New Jersey's Superior Court ruled that Arthur Andersen did not own or lease any property at the World Trade Center or the Pentagon and could not identify any supplier or client whose property was damaged.

As a result, it...
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