We represent the former parent of a bankrupt, former subsidiary, in connection with disputes with the former subsidiary's general liability insurance carrier regarding whether or not our client must assume responsibility for paying the $5 million self-insured retention regarding civil liability claims against the former subsidiary that had been discharged by as a result the former subsidiary's Chapter XI bankruptcy. In accordance with a separate settlement between the carrier and the subsidiary, the carrier assumed the defense of the underlying claims, agreeing in effect with the claimants that the bankruptcy of the insured subsidiary had not discharged the carrier's obligation to pay insured claims, even though 100% of the first $5 million of very claim was self-insured by the bankrupt company. The carrier then took the position that our client, also a named insured under the policies insuring the former subsidiary, had agreed in a separate Payment Agreement effectively to guarantee the obligations of the subsidiary to pay the SIR. When our client refused to reimburse the costs incurred by the carrier in defending the pre-bankruptcy claims against the former subsidiary, the carrier drew down a letter of credit place by our client to obtain reimbursement of the carrier's costs and then successfully moved to compel arbitration of the Payment Agreement dispute. The arbitration is pending.

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$8 billion merger for a publicly traded North American paper and forestry product company
Lead U.S. environmental counsel in $8 billion merger of two major, publicly traded North American paper and forestry product companies. more
Acquisition for leading desktop publishing software provider
Advised leading desktop publishing software provider in connection with its acquisition of all shares in imaging company. more
Products completed operations hazard coverage for water intrusion damage caused by negligent installation of windows
The firm served as lead counsel in litigation seeking insurance coverage for losses incurred in repairing water intrusion damage to windows more
Intellectual property portfolio management services for one of the largest apparel companies in the world
Represents one of the largest apparel companies in the world in protecting their hosiery, hosiery machinery, knitwear, casual wear, shoes, lingerie more