Gerald McKelvey
Gerald McKelvey
Gerald J. McKelvey was a former Republican member of the Pennsylvania House of Representatives...
center exception fitzgerald former lawsuit major obligation offices pay refused rent towers trade
All of the former major tenants of the World Trade Center towers with the exception of Cantor Fitzgerald have acknowledged their obligation to pay rent for their offices through Sept. 10, 2001. Cantor Fitzgerald has refused to do so and this lawsuit is the result.
appeal billion consider coverage disagree effect limiting material million overall per recovered ruling single three total
Obviously, we disagree with the ruling and will consider an appeal at the appropriate time. However, these three insurers' coverage amounts to a total of $112 million per occurrence, so that limiting these insurers to a single occurrence does not have a material effect on the overall amounts of $6.7 billion to be recovered in the litigation.
extent force lost
Many other tenants also lost people, and they did not force us to go to this extent to collect.