Hundreds of Millions in Coverage to Secure Exit Financing

We represented a debtor in a mass-tort-related bankruptcy case that faced significant time pressure to reach confirmation to comply with its DIP (debtor-in-possession) lender’s requirement to maintain favorable financing.  Within three weeks, our lawyers negotiated a resolution of every insurer objection related to three separate liability streams on terms satisfactory to the debtor and consented to by the committee representing bodily injury claimants and a representative for future claimants, thus enabling the DIP financing to proceed.