Situation: Hospital facing unanticipated $15 million exposure 10-year-old GL claim being defended by hospital’s former GL carrier Transition in hospital’s risk management department resulted in loss of institutional memory and records regarding claim Client unaware that hospital excess carrier disclaimed coverage Client unaware that insurance counsel lost trial as to liability Insurance counsel contacted hospital […]
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Situation: Financially unstable hospital needed to finance acquisition of new diagnostic equipment Limited ability to raise capital through usual means (e.g. bonds) Received multiple New York City Council capital allocations, which remained unfunded Legal issues: Inefficient City processes delayed urgently-needed capital funding for years Regulators required client to own and possess equipment prior to drawing […]
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Situation: Client displaced from home, unable to further its mission Client has owned property for over 50 years Property was only asset Building destroyed by fire, insurance unavailable Legal Issues: Client had allowed intellectual infrastructure to become seriously outdated Property subject to various government sanctions Client had limited access to potential donors Client needs to […]
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