Law360, September 8, 2023, Ganesh Shetty
Stephen Hoke was interviewed for the recent Law360 article “PE Firms Upend Insurance Market for Legacy Liabilities.” It is the first deep-dive into the rapidly growing trend of companies “selling” their legacy liability risk, such as asbestos and environmental, to special purpose private equity firms. Read the article here. If you are unable to access... Read More
Hoke LLC prevailed in the Vanderbilt Minerals case which resolved all or nearly all of the disputed aspects of insurance allocation law in Connecticut. The Connecticut Supreme Court described its opinion setting forth the legal standards for long-tail asbestos, talc, pollution and other coverage matters as one of “first impression.” Hoke LLC was lead trial and lead appellate counsel.... Read More
Steve Hoke will speak on a panel addressing “Chronic Legacy Liabilities” at the April 18, 2023 Perrin Insurance Coverage Conference at the Omni Hotel in Chicago IL. The panel will address Corporate Restructuring Issues; “sale” of corporate liabilities to Private Equity buyers; challenges related to Managing Legacy Liability Risk; and issues related to Captive Insurance in the legacy liability... Read More
Building on its deep experience in the legacy liability space issues, Hoke LLC is working with multiple companies in the process of or about to dissolve. It also has been retained to represent a company that was dissolved decades ago in order to access unused insurance assets. Hoke LLC is an industry leader in the space and Steve Hoke... Read More
Hoke LLC recently obtained summary judgment in a breach of contract case pending before Judge Bryan Chapman in the DuPage County Circuit of Illinois. Hoke LLC brought breach of contract, unjust enrichment and account stated claims against a Chicagoland area grocery store chain on behalf of a Chicago area food processing and distribution company. The lawsuit involved seventeen separately named defendants,... Read More
Hoke LLC defended and settled a class action involving alleged improper depreciation of labor and equipment when calculating actual cash value (ACV). The case settled on an individual settlement basis during class discovery.
Stephen Hoke was again named 2023 Super Lawyer. Steve has been named as a Super Lawyer every year since 2008. Super Lawyers, a Thomson Reuters business, is a rating service of outstanding lawyers from over 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a rigorous multi-phased process... Read More
Successfully tested state-of-the-art Artificial Intelligence (“AI”) document review system for international corporate client with significant U.S. based mass-tort claim exposures. Client selected Hoke LLC to be first law firm to use the system to produce documents and to review other party documents using AI in a large coverage action. Worked with client to test and design AI protocols to... Read More
Design and Conduct an RFP to manage a Fortune 500 client with 60,000 mass tort insurance claims. Wrote and conducted RFP ultimately leading to the selection, purchase and implementation of an interactive state-of-the-art internet-based claims software solution. Successfully negotiated for the client’s third-party insurers to pay 100% of the $3M purchase price.
Among the Design Requirements of the RFP included... Read More