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To: tsigprofit who wrote (13958)	9/11/2003 5:34:46 PM
From: Bucky Katt	Respond to of 48461

Bank sues New York state for 9/11 damage (evidently, we all can't just get along) Deutsche Bank says NY is liable for more than $500M worth of property damage due to negligence. September 11, 2003: 2:21 PM EDT NEW YORK (Reuters) - Deutsche Bank is seeking to hold New York state liable for more than $500 million due to property damage done to its building following the Sept. 11 attacks on the World Trade Center. The bank sued the state late Wednesday in Manhattan federal court, accusing it of negligence for failing to take steps to protect and clean the building after the attacks. Among charges are that the state failed to seal the building leaving it exposed to hazardous materials and that it did not remove tens of thousands of gallons of water that had been pumped into the structure to put out fires. The bank said its building today is a "black net enshrouded shell, with a fifteen story gash. Subjected to a cocktail of contaminants and mold never before confronted by environmental experts in a single building, the building is a total loss." A spokesman for the New York state attorney general could not immediately be reached for comment. The plaintiffs in the litigation are Taunus Corp., which is a holding company of Deutsche Bank, and a long list of subsidiaries and affiliates. The suit focuses on a period beginning the day of the attacks and running through December 2001. During that time, the state took control of the World Trade Center area known as the "Frozen Zone" that included Deutsche Bank's building. The bank said its employees and representatives were prohibited from entering the building and taking steps to protect bank property during this period. It said that, although it hired workers to remove water and oil from the basement, they were ejected from the zone, under threat of arrest. The bank also said it was prohibited from having architects, engineers and other consultants examine its building. It said the state promised authorities would clean up hazardous material in the bank's basement and take care of other problems. "To the extent that such efforts were undertaken, they were negligently performed," Deutsche Bank said. The bank also accused the state of improperly supervising its employees and contractors in the Frozen Zone, allowing the theft of hundreds, if not thousands, of computers from its building. Late last month, a federal judge dismissed Deutsche Bank (DB: up $0.89 to $64.40, Research, Estimates) litigation against New York City over Sept. 11-related damage. In that ruling, the judge completely dismissed two counts charging the city with negligence relating to the placement of diesel tanks at 7 World Trade Center, which exploded in the attacks. But he ruled the bank could re-file two other charges relating to the city's measures after the attacks.