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
Johnson & Johnson Refiles Talc Bankruptcy
The Third Circuit, in an opinion by Judge Ambro, dismissed Johnson & Johnson’s (“J&J”) Texas Two-Step bankruptcy attempt to place one of its subsidiaries holding talc liabilities in Chapter 11 bankruptcy, reasoning that the debtor did not suffer from financial distress.
Facing nearly forty thousand claims for manufacturing baby powder allegedly containing carcinogenic talc, J&J... 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