Wellington Agreement

One of our lawyers was the primary negotiator and drafter of an insurance treaty (the “Wellington Agreement”) among 35 policyholders and 15 groups of insurers, resolving disputes relating to over $15 billion in coverage for asbestos-related claims.  This treaty shaped the response of insurers to one of the largest mass-tort crises in American history, created the first mass-tort multi-defendant claims-resolution facility and incorporated a cutting-edge use of ADR over the succeeding decades.