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How can companies achieve finality when concluding legacy liabilities? 

On 17 May, in a virtual roundtable discussion, NERA Director Mary Elizabeth Stern, along with Hawkins Parnell & Young’s Partner-in-Charge Catherine Goldhaber and FARA Recovery’s Financial Asset Recovery Analytics Associate Milan Ceppi, will discuss issues surrounding legacy liabilities and the near-term litigation strategies to mitigate their impact.

The experts will explore:

  • Issues affecting asbestos liability projections—when incidence of asbestos-related diseases is expected to end and how the incidence projections affect liabilities for individual defendants;
  • Considerations in long-term structuring, including how to address intertwined liabilities;
  • The relative considerations of bankruptcy vs. the critical issues affecting successful divestiture of entities holding legacy liability attempting to achieve finality through a true sale; and
  • The issues and advantages of divestiture of legacy liabilities through a true sale from the prospective of the long-term acquirer.

The universal lessons learned from the webinar covering mature asbestos legacy liability will also have important implications in other established legacy liabilities sectors such as toxic tort claims and in emerging liabilities areas like PFAS-related claim.