Dozens of businesses and insurers want developer Larry Silverstein to put up $161 million-plus for blocking their $1.2 billion settlement in the 9/11 terror attacks.
Court papers filed yesterday say Silverstein shouldn’t get a “free kick at the cat” while mounting a “frivolous” and “meritless” appeal of the deal.
The Manhattan federal court filing seeks to ensure that Silverstein — who has a pending suit over the loss of his World Trade Center lease — covers the firms’ “loss of use” of their settlement proceeds during his appeal.
The funds are currently being held in escrow and are earning a paltry one-tenth of 1 percent in interest, court papers say.
Silverstein’s spokesmen didn’t respond to requests for comment.