NEW YORK, Sept. 10, 2007 (PRIME NEWSWIRE) -- Abbey Spanier Rodd & Abrams, LLP commenced a Class Action lawsuit in the Supreme Court of the State of New York, County of New York on behalf of a class (the "Class") of all businesses that were forced to close in the wake of the July 18, 2007 steam pipe explosion at the intersection of 41st Street and Lexington Avenue in Manhattan.
The complaint alleges that defendant did not maintain the steam pipe system (the "Main") in accordance with appropriate safety standards and did not take precautionary steps to ensure an explosion would not occur. On July 18, 2007, New York City experienced an unusually heavy rainstorm. After the storm, defendant conducted a visual check for vapor rising from the site of the Main, at 41st Street and Lexington Avenue. Defendant's inspection team reported no cause for concern. Just a few hours later, at 5:56 p.m., the Main exploded. The explosion sent water, steam and debris -- including asbestos -- as high as 12 stories into the air.
In the aftermath of the explosion, a "frozen zone" was created and many businesses were forced to close. Plaintiff lost the use of its offices for a significant period and suffered a severe loss of its current and future expected revenues. Plaintiff was unable to operate its business as a result of its inability to access its office space.
Plaintiff seeks to recover damages on behalf of all businesses that were forced to close in the wake of the steam pipe explosion. If your business had suffered a loss of revenue due to the steam pipe explosion and would like any information regarding this class action, please contact Orin Kurtz at 212-889-3700 or e-mail at okurtz@abbeyspanier.com.
Abbey Spanier Rodd & Abrams, LLP has been retained by the plaintiff to represent the Class. The attorneys at Abbey Spanier have extensive experience in securities class action, antitrust, employment and consumer protection cases, and have played lead roles in major cases resulting in the recovery of billions of dollars to its clients.
More information on this and other class actions can be found on the Class Action Newsline at www.primenewswire.com/ca