Deutche Bank suing state for $500 million.

Deutsche Bank is suing the state for $500 million to recoup its losses to the 130 Liberty St. building that was damaged as a result of the Sept. 11th attacks.

"Deutsche Bank has filed this suit against New York State because the bank's insurance policies require it to preserve any claims the firm might have against third parties," said a Deutsche Bank statement.

This is the latest legal maneuver by the bank to seek remuneration for damages to the building. A federal district judge dismissed two lawsuits earlier this month brought by Deutsche Bank which sought to hold the City responsible for more than $500 million in damages to the 40-story office building.

In August, the bank sued the remaining two insurance carriers, Allianz and AXA, to demolish the building, saying it was too contaminated to be reoccupied. The bank has already settled with two insurance carriers for $1 billion.

The property, which is being considered as part of a redevelopment site for the World Trade Center, was severely damaged when it was struck by debris falling from the South Tower of the World Trade Center after the Sept. 11, 2001 terrorist attacks.

The latest lawsuit was filed with more than 135 plaintiffs stating that the state's restriction of personnel around ground zero, contributed to the damages to the 41-story building at 130 Liberty Street.

"Shortly after the creation of the frozen zone, defendant's (the state) representatives directly communicated with plaintiffs and their representatives and informed them that the frozen zone had been secured and that access to and within the frozen zone was being restricted," the complaint said. "Defendant was negligent and failed to act with reasonable care in its activities effecting plaintiffs' properties in the frozen zone during the response period."

The bank claimed the state did not act with properly in protecting the building from further damage by not sealing the building or removing the water that was pumped into the building to put out or prevent fire.

"Plaintiffs have suffered unique injury as a result of Defendant's conduct," the complaint said. "Prior to September 11, 2001, 130 Liberty was a fully-occupied 41-story award-winning "Class A" commercial office structure. Today, 130 Liberty is a black-net-enshrouded shell, with a fifteen-story gash. Subjected to a cocktail of contaminants and mold never before confronted by environmental experts in a single building, the building is a total loss."

The New York State Attorney General's office refused to comment on the lawsuit.