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NEW YORK CITY-Oral arguments were heard before the United States Court of Appeals for the Second Circuit on Silverstein Properties’ appeal from Judge John S. Martin Jr.’s ruling that a jury would have to decide whether the deliberate crashes of two planes into the Twin Towers constitute one or two “occurrences” for purposes of the $3.55 billion “per occurrence” insurance policy on portions of the complex.

“For almost two years, Larry Silverstein has been fighting side by side with the Port Au-thority to get the insurance companies to pay up, for one reason — so we’ll have the resources necessary to rebuild at the World Trade Center. Today we received a fair hearing from the US Court of Appeals, and we are hopeful that we will prevail,” said Silverstein spokesman Howard J. Rubenstein in a statement. No ruling was issued and there is no timeframe for when a decision is expected.

This is just one of the many legal actions associated with the rebuilding of Ground Zero Silverstein Properties filed suit against Industrial Risk Insurers, the Connecticut-based insurance unit of General Electric, to compel IRI to fully satisfy its obligation to pay for the reconstruction of 7 World Trade Center. That suit was filed as a claim in a suit that is already pending in the United States District Court for the Southern District of New York brought by a former tenant of 7 World Trade Center against IRI.

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