Successful Defense of Macy's and Lord & Taylor in Insurance Coverage Matters

Obtained a favorable ruling from the New York County Supreme Court on behalf of Macy’s and Lord & Taylor in a case involving the self-insured retentions (SIR) insurance provisions of a lease. We successfully argued that our clients had cured a default under a long-term lease for the annex located adjacent to Lord & Taylor’s flagship Fifth Avenue department store when they convinced their commercial general liability and excess umbrella insurers to issue retroactive endorsements removing the SIR in the policies. The court agreed that they properly cured the purported breach of the lease.