GlobeSt.com UPDATE:Hearing Held in Silverstein Appeal

NEW YORK CITY-Oral arguments were heard before the United States Court of Appeals for the Second Circuit on Silverstein Properties’ appeal from Judge John S. Martin Jr.’s ruling that a jury would have to decide whether the deliberate crashes of two planes into the Twin Towers constitute one or two “occurrences” for purposes of the $3.55 billion “per occurrence” insurance policy on portions of the complex.

“For almost two years, Larry Silverstein has been fighting side by side with the Port Au-thority to get the insurance companies to pay up, for one reason — so we’ll have the resources necessary to rebuild at the World Trade Center. Today we received a fair hearing from the US Court of Appeals, and we are hopeful that we will prevail,” said Silverstein spokesman Howard J. Rubenstein in a statement. No ruling was issued and there is no timeframe for when a decision is expected.