Commercial Landlord-Tenant—September 11th Litigation—Impact of Insurance Recovery—Consequential Damages—No Compensation For Reconstruction Costs—Diminution of Leasehold Value—Novel Issues
THE PLAINTIFFS-APPELLANTS (plaintiffs), lessees of 1,2,4,5 and 7 World Trade Center (WTC), appealed from a series of orders of the U.S. District Court (District Court), which led to the District Court dismissing their case against defendants-appellees (defendants), “for negligently maintaining airport security checkpoints on the morning of Sept. 11, 2001.” “Unlike the Main Site Buildings, 7 [WTC] was privately managed…even before its construction.”
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