WTC judge imposes confidentiality order
World Trade Center leaseholder Larry Silverstein succeeded in persuading US district court judge Michael Mukasey to issue a “confidentiality order” over mediation discussions between the remaining ten insurers.
Following the victory of 12 “Wilprop” insurers in late April, a trial is currently scheduled for October to decide whether insurers such as Allianz, Travelers and Royal Specialty should pay for one event or two. Jury selection is supposed to begin on 27 September but, with the gagging order, speculation is mounting that a settlement may be reached before further litigation. The most Silverstein can now hope to recover is around $4.7bn – less than the $7bn he initially demanded.