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Quote of the Day - The reason lightning doesn't strike twice in the same place is that the same place isn't there the second time. - Willie Tyler
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Two Towers, Three Decisions And Counting

Will the third time be a charm?

So far, Larry Silverstein is one for one (subscription needed for second link).

The insurance companies have indicated they're going to appeal.

The twin towers decision, that is. The big question in this second trial is the same as the first: were there two occurrences or one?

Yesterday, the second jury answered it soundly: two occurrences, so Silverstein, the owner of the two buildings will be able to collect twice.

Perhaps as much as $7 billion instead of $3.5. Silverstein lost the first trial, and some insurers only have to pay once. Why would some insurers pay once and some pay twice?

That will make for an interesting appeal. The Second Circuit which decided against Silverstein the first time, will be able to decide either way and be justified in doing so.

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Printer friendly page Permalink Email to a friend Posted by J. Craig Williams on Tuesday, December 07, 2004 at 11:58 Comments Closed (0) |
 
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