In Re September

11TH LITIGATION 590 F.Supp.2d 535 (S.D.N.Y. 2008)

Purchase the Printed Copy at bsmsphd.com

Nature of the Case

To access this section all you need to do is click here and register.

Facts

Silverstein’s corporations owned the leases to the World Trade Center. They affected the purchase of them literally a few months before 9-11. Silverstein’s companies (P) filed suit against the airlines, airport security, and the operator of Boston’s Logan Airport alleging negligence. P asked for $16.2 billion for replacement value. P paid $491 million at the close of escrow, and the present value was $2.595 billion. P valued the leaseholds on its books at $2.84 billion. This part of the case deals with the proper valuation for the damages due to P.