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Deutsche Bank 9/11 Suits Dismissed

August 28, 2003

NEW YORK (AP) _ A federal judge on Thursday tossed out two Deutsche Bank lawsuits against the city alleging that actions the city took before and after the Sept. 11 terrorist attack damaged their World Trade Center properties.

Judge Alvin K. Hellerstein in Manhattan dismissed some of the litigation for procedural reasons and other claims on the grounds that injuries suffered by the bank were no more than were suffered generally by the public.

He said the bank can refile its lawsuit specifying how its injuries were worse than those suffered by other entities and individuals.

Deutsche Bank had sought to hold the city responsible for more than $500 million in damage to its 41-story office tower at 130 Liberty St., across the street from the trade center. Debris from the trade center left a 15-story gash in the building’s facade. While the building was deemed structurally sound, it became infested with mold caused by moisture from fire sprinklers.

Michael A. Cardozo, a city lawyer, said in a statement he was pleased that the judge tossed out the lawsuits.

``We believe these complaints have absolutely no factual or legal merit,″ he said. ``We will continue to vigorously oppose any effort by the company to blame New York City for damages that were, in fact, caused by the terrorists who attacked the World Trade Center_ not by the city, who itself was a victim.″

Rohini Pragasam, a Deutsche Bank spokeswoman, said she could not comment immediately on the judge’s ruling.

Several weeks ago, she said the bank sued the city because the bank’s insurance companies require it to preserve any claims the bank might have against third parties.

Deutsche Bank has said it plans to demolish the building and has filed a lawsuit against two European insurance companies to force them to pay for their share of the demolition costs. The insurance companies have maintained that the building can be repaired.

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