Leaving the Tort System Behind Via Corporate Risk Transfer
Written by Peter R. Kelso of Roux and J. Mark Hemmann of Financial Asset Recovery Analytics, LLC (FARA Recovery)
Regardless of economic and legal conditions, legacy product and environmental liabilities hinder companies’ ability to operate efficiently and remain financially nimble in an ever-changing marketplace. Whether a company is private or public, the cost of managing and resolving an ongoing stream of lawsuits can be time-consuming, damaging to a firm’s reputation, and a financial drag on business operations and performance. This article examines the internal and external costs that companies incur by holding legacy liabilities and offers capital market solutions to shed contingent liabilities, exit the tort system, and achieve finality.
This article, published by Law360, is a resource to supplement our recent webinar, “An Exit From the Tort System: Removing Asbestos & Other Legacy Liabilities From Your Balance Sheet,” presented by members of Roux’s Economic & Complex Analytics Practice and FARA Recovery.
Click on the link below to read the article, or click here to contact us for more information.