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Article: Contempt charge mulled for Silverstein in WTC case.(News)(World Trade Center)
- Article from:
- Business Insurance
- Article date:
- March 22, 2004
CopyrightCOPYRIGHT 2004 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: DOUGLAS McLEOD
NEW YORK-The World Trade Center coverage trial took a detour last week as the judge considered whether to hold WTC leaseholder Larry Silverstein in contempt of court for publicly criticizing insurers' refusal to provide a double payout of the program's $3.55 billion policy limit.
London insurers sought a contempt ruling after Mr. Silverstein held a press conference at which he said he is fighting insurers "to achieve the money that's going to be necessary'' to rebuild on the WTC site and complained that "instead of getting insurance, we got ourselves a massive amount of litigation.''
The remarks violated Judge Michael B. ...