Federal Judge Denies Aviation Defendants' Motion Seeking 'Collateral Setoff'

Federal Judge Denies Aviation Defendants' Motion Seeking 'Collateral Setoff'

NEW YORK - The overlap between World Trade Center Properties LLC's insurance recovery and its potential tort recovery presents issues of fact requiring a trial, a New York federal judge ruled Sept. 4, rejecting the aviation defendants' motion to credit $4.09 billion in insurance payments against potential tort recoveries in a lawsuit arising from the Sept. 11, 2001, terrorist attacks (In Re September 11 Litigation, Nos. 21 MC 101, S.D. N.Y.). Subscribers may view the opinion available within the full article.

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