Simply Politics and News

[dropdeadfred]

ALex.. you can always start here

Port Authority of NY vs. Affiliated FM Insurance Co.,


The WTC's original owner, the Port Authority of New York and New Jersey, had been concerned about asbestos-abatement issues for many years prior to 9/11. According to Karl Schwarz and other writers, the Port Authority in 1991 filed suit in U.S. District Court against insurers in the hope of recovering funds to help pay for needed asbestos-abatement work at the WTC and one of the region's airports. In the suit, "Port Authority of NY vs. Affiliated FM Insurance Co.," the Port Authority sought between 500 million and 1 billion dollars from the insurers. Note that this suit was filed TWO YEARS BEFORE the first so-called "terrorist attack" on the WTC; the truck-bomb explosion in the Center's underground parking garage in 1993. Schwarz reports that the U.S. District Court judge ruled against the Port Authority as of May 14, 2001. http://seattle.indymedia.org/en/2006/04/252788.shtml Less than three months later, the Port Authority transferred ownership of the WTC buildings to private investors. ____________________________

Less than three months later, the Port Authority transferred ownership of the WTC buildings to private investors.