Con Ed Says Port Authority Owes Damages For WTC

Law360, New York (August 20, 2007, 12:00 AM EDT) -- Consolidated Energy Co. of New York Inc. and its insurers have asked for more time to add claims for indemnity to their complaint over property damage at 7 World Trade Center after the Sept. 11, 2001 attacks.

Con Ed and the insurance companies backing it, including Aegis Insurance Services Inc., have claimed that a lease agreement for space at 7 World Trade Center requires the Port Authority of New York and New Jersey to pay for the damages regardless of whether it is liable.

The plaintiffs...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.