Hoke LLC represented a national trust company in a dispute regarding whether the client had insurance under its Directors’ & Officers’ and Bankers Professional Liability policy for suits brought by underlying plaintiffs claiming they were victims of a Ponzi scheme. The coverage litigation involved claims against the insurer for declaratory relief, breach of contract, reformation, and bad faith, as... Read More
Hoke LLC represented the policyholder in the trial which was reported in Insurance Law 360 (headline below):
Policyholder Scores In Asbestos Coverage Row Of 30 Insurers
A Connecticut judge held Friday that neither pollution nor occupational injury exclusions eliminate indemnity coverage for policyholder’s massive asbestos liabilities, ending the second phase of a two-year trial involving more than 30 insurers.
The court’s rulings can... Read More
Hoke LLC secured the largest approved policyholder claim from the Integrity Insurance Insolvency even though the firm was hired after the Integrity Insurance Insolvency Claim Bar Date. Despite the fact that the client had failed to file within the legally required time period and it had admittedly received the notices from the Estate, Hoke LLC convinced the Liquidator to accept a... Read More
Steve was appointed Special Insurance Counsel in a Chapter 11 Bankruptcy of a major asbestos defendant. His efforts accounted for virtually all of the funds recovered in the proceedings, to date. It is anticipated that this recovery will result in payment of approximately 15% of the unsecured claims, as well as payment to the secured creditors. His fees in... Read More
Hoke LLC succeeded, without litigation, in reaching a $12,000,000 claim settlement for asbestos/products liability losses on behalf of a Fortune 500 Company in a major insurance insolvency under one excess policy. The client was major agricultural equipment supplier that had significant long-tail products, asbestos and welding rod claims. After their claim in the insurance insolvency was originally denied, and within... Read More
Hoke LLC successfully commuted all remaining primary and excess coverage for a major asbestos defendant (except for just one excess policy) without resort to coverage litigation. The policyholder recovered as much as 110% of stated limits for certain coverage. The overall blended recovery was approximately 85% of limits. None of the funds were contingent on future loss experience, and... Read More
Hoke LLC successfully completed the logistical transfer of defense responsibilities, including all underlying processes, from the primary insurance carriers to the excess carriers for a major products liability asbestos defendant. This is the third time that Hoke LLC has managed this process for a major asbestos defendant, making Hoke LLC the most capable firm in America to help your... Read More
Hoke LLC represented owners of a grocery store chain that sustained a complete fire loss. The first-party property insurer denied the claim in total. Within just two months of being hired, Hoke LLC modified the claim and negotiated a settlement without having to file litigation. The settlement provided full recovery for both property damage and lost business income.
Hoke LLC successfully prosecuted a minority shareholder action involving a nationally known investment bank resulting in a bankruptcy filing by the firm CEO. The award withstood litigation challenges and was ultimately worth approximately $30 million. Hoke LLC’s clients purchased the CEO’s stock net of the award in the bankruptcy and now wholly own the firm.