Developer Wins Victory in WTC Case
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A New York developer hoping to rebuild  the destroyed World Trade Center on Monday won a major victory  against his insurers, when a jury decided the hijacked airline  attacks of Sept. 11, 2001, were two separate events.
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Americas Amber Alert News Center(NEW YORK USA)- A federal jury ruled Monday that the attack on the World Trade Center was two occurrences for insurance purposes, meaning leaseholder Larry Silverstein stands to collect up to $2.2 billion from nine
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NEW YORK, Sept. 18 -- The chairman of the agency that owned the World Trade Center defended his decision not to ask employees to move into the proposed Freedom Tower at Ground Zero because of the attacks on the twin towers.
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A long dispute over insurance claims for the World Trade Center is settled, clearing the way for redevelopment.
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The World Trade Center site's owner turned over land where two office towers are planned to a developer, clearing the way for construction to begin soon on more skyscrapers at ground zero.
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NEW YORK A federal jury said that the destruction of the World Trade Center constituted two separate attacks, entitling the developer, Larry Silverstein, to collect up to $2.2 billion, or double the insurance coverage provided by nine insurers at the
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World Trade Center leaseholder Silverstein Properties Inc. could collect $4.68 billion in insurance payments after the jury in the second phase of the WTC property insurance litigation decided that the Sept.
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NEW ORLEANS, Sept. 21 Â Judah Hertz, a Santa Monica, Calif., real estate investor, has sometimes been compared to Larry Silverstein, the New York developer who signed a long-term lease for the World Trade Center just six weeks before the twin towers were destroyed by terrorists.
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Â· City planners approve world's largest building Â· UK architect triumphs despite stiff resistance
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Real estate developer Larry Silverstein, who envisions replacing all the commercial office space destroyed in the September 11, 2001, terrorist attack on the World Trade Center, won a court victory Monday that may help him do so.
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The chairman of the agency that owned the World Trade Center on Monday defended his decision not to ask employees to move into the proposed Freedom Tower at ground zero because of the two attacks on the twin towers.
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Allianz AG, Europe&#39;s largest insurer, said a New York court ruling that defined the World Trade Center terrorist attacks as two separate events may cost it as much as 80 million euros ($107.6 million).
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A federal appeals court Thursday upheld most of a &#36;27 million restitution order against former Cisco Systems executive Robert Gordon, now serving a federal prison term for defrauding the San Jose networking giant in an elaborate embezzlement scheme.
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Federal investigators have largely ruled out a design flaw as a central factor in the collapse of the World Trade Center towers.
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It was a significant victory for the government in the high-profile criminal case of a United States citizen.
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Five months after the granite cornerstone was laid for the Freedom Tower, the financial cornerstone for a second new World Trade Center tower was fashioned on Monday by the federal jury
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A jury's finding yesterday that the Sept. 11 attack by two hijacked planes on the World Trade Center was two occurrences for insurance purposes provides an extra $1.1 billion, ensuring &quot;a timely and complete rebuild&quot; of the destroyed complex, its leaseholder says.