Partners of WTC Law Firm Feud Over 9/11 Insurance Proceeds
Posted Oct 18, 2007 7:15 AM CDT
By Debra Cassens Weiss
Updated: A dispute among law firm partners over the division of compensation for the Sept. 11 attacks may proceed to trial as a result of a judge’s ruling.
Insurance defense firm Ohrenstein & Brown received about $10 million in insurance money after its offices in the World Trade Center were destroyed. At issue is whether five lawyers were entitled to keep $4 million of that amount because they were equity partners, the New York Law Journal reports.
The plaintiffs, three ex-partners, contend there was no two-tier partnership at the firm, the New York Law Journal reported when it broke the story last year.
Judge Richard Lowe ruled documents submitted by the defendants did not conclusively decide the issue.
Updated at 9:30 AM.