Practice Areas: Overview

Practice Areas: Overview

"Whenever insurance challenges arise, Mendes is right beside you."

Discovery of under-the-table negotiations leads to a high- water mark ruling in asbestos coverage action.

NEW BRUNSWICK, NJ When it came time for domestic floor tile manufacturer Congoleum Corporation to pay its fair share of asbestos liabilities under New Jersey law, the company turned away from its insurers. Instead of working with its insurers, it secretly negotiated a pre-packaged 524(g) bankruptcy with counsel for the asbestos claimants, whereby it agreed to assign its insurance assets to an asbestos trust in exchange for the claimants’ supporting votes in the bankruptcy.

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