An Exit From the Tort System: Removing Asbestos & Other Legacy Liabilities From Your Balance Sheet
Presented by Peter R. Kelso & Marc C. Scarcella of Roux and J. Mark Hemmann & Holland Sullivan of Financial Asset Recovery Analytics, LLC • Thursday, May 28 at 1pm EDT
Companies that have contingent asbestos and other mass tort liabilities incur substantial legal and financial costs year after year to resolve claims. These costs impact reserving, increase costs of capital, restrict mergers and acquisitions activity, and can be a drag to a company’s balance sheet. To date, a lengthy, costly, and uncertain bankruptcy process has been virtually the only option available for global claim resolution.
This webinar will examine the internal and external costs that companies incur by holding legacy liabilities, and offer alternative capital market solutions to shed contingent liabilities, exit the tort system, and achieve finality. To register for this complimentary webinar, please click here:
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