Landmark Ruling – Lloyd’s Not Admitted in Illinois
Steve Hoke secured a finding that various Lloyd’s syndicates were no longer “admitted” in Illinois, thus forcing it to post a $7 million “pre-answer” bond in lieu of default – the first ever such ruling in Illinois and the nation. Shortly after the ruling, London agreed for the first time to pay defense costs for Hoke’s client, a top 10 asbestos defendant.
Leave a Reply
You must be logged in to post a comment.