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A federal appeals court Wednesday upheld jury verdicts requiring insurance companies to pay developer Larry Silverstein $4.6 billion to rebuild the World Trade Center complex but preventing him from getting the $7 billion he had sought.
A three-judge panel of the 2nd U.S. Circuit Court of Appeals said it found no error that requires it to set aside jury decisions over insurance payouts on the trade center, which was destroyed by terrorists on Sept. 11, 2001.
Silverstein had insured the twin towers for $3.5 billion, but he sought to recover double that amount, saying the towers were victimized by two hijacked airplanes–two attacks.
