A federal judge has cleared the way for a trial to begin this summer in the case between Zurich American Insurance Company and ABM Industries over the amount of payment in a business interruption loss resulting from the Sept. 11, 2001 terrorist attack on New York's World Trade Center.
At issue is how much ABM is owed under a business interruption policy, which the law firm of Anderson Kill & Olick, representing ABM, said could amount to over $100 million. ABM provided janitorial services to the World Trade Center.
In February, a federal appeals court reversed a lower court's decision that capped ABM's ability to recover at $10 million under a policy sublimit for contingent time element.
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