Industrial Risk Insurers v. Port Authority of New York & New Jersey
Court of Appeals for the Second Circuit
1Opinion of the Court
GUIDO CALABRESI, Circuit Judge:
Plaintiff-Appellant Industrial Risk Insurers (IRI) — the subrogee of non-party, amicus Silverstein Properties, Inc. (Silver-stein) — brought, in the United States District Court for the Southern District of New York, a claim of gross negligence against, inter alia, Defendants-Appellees Citigroup Inc. and Citigroup Global Market Holdings, Inc. (together, Citigroup). Upon reviewing the parties’ submissions, the district court dismissed IRI’s complaint pursuant to Rule 12(b)(6). See Indus. Risk Insurers v. Port Auth. of N.Y. & N.J., et al., 387 F.Supp.2d 299…
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