In May 2004, after a 52-day trial involving some of his many insurers, Mr. Silverstein lost his first effort to claim that the two planes represented two attacks and required double payments. At the end of 2004, however, after a separate 35-day trial, he won the right to collect double payments from another set of insurers. He had spent about $100 million paying lawyers to fight this particular fight, which critics said was an unconscionable siphoning of money that should have been used for rebuilding. But in his mind, that $100 million produced an additional $1.1 billion for rebuilding ground zero.
Tags:
Paying Lawyers
unconscionable siphoning
Rebuilding
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