News & Events

On June 24, the Hon. Michael B. Mukasey of the United States District Court for the Southern District of New York released a 26-page opinion denying a motion for partial summary judgment filed by the Silverstein Parties in the World Trade Center litigation.  The motion sought to compel Swiss Re, to pay actual cash value up to its share of a "one-occurrence" policy limit for the World Trade Center loss.  The court denied the motion holding that Swiss Re has to pay its one occurrence limit for the World Trade Center loss as Silverstein provides "Swiss Re with partial proofs of loss to collect insurance as replacement costs are incurred".   

The decision is a further victory ancillary to Simpson Thacher's trial and appellate successes on behalf of Swiss Re.  

To read more about some of Simpson Thacher's earlier successes on behalf of Swiss Re, see:  

Simpson Thacher Victorious on Behalf of Swiss Re in World Trade Center Case  

Second Circuit Issues Decision in Swiss Re World Trade Center Litigation  

The New York Law Journal Ranks WTC Insurance Coverage Litigation Among "Top Cases of 2004"  

NLJ Names Simpson Thacher WTC Victory Among "Top Defense Wins of 2004"

To read the court's most recent opinion in the matter, click on "Download (PDF)" below.