Highest Policyholder Recovery – $45M from Integrity Insurance Insolvencyshoke2013
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 late claim, and ultimately proved up a $53M claim for which the client received approximately $45M in cash. This late claim, which was for long-tail asbestos and talc liability, was the largest approved policyholder claim in the entire 25 year insolvency. Hoke LLC also secured the fourth highest recovery in the Integrity insolvency on behalf of another client: app. $12M.