Stephen T. Bobo
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Law Firms
10 South Wacker Drive, Chicago, IL 60606
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Reed Smith announced that 15 of its lawyers were named to the 2020 Super Lawyers list and five were named to the Rising Stars list, by the rating service Super Lawyers.
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Even as the company has requested the chance to head to mediation to resolve differences between its insurers and trial lawyers representing tens of thousands of asbestos claimants, a federal bankruptcy judge has granted bankrupt boiler maker Oakfabco’s request to abruptly withdraw its liquidation proposal, leaving unsettled for now how the company will continue through bankruptcy and wind down those asbestos-related personal injury claims.
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Saying the plan would open opportunities for “gamesmanship” by trial lawyers, insurer CNA has asked a bankruptcy judge to shoot down a plan by the successor company to a defunct boiler maker to wind down its existence by essentially giving lawyers representing plaintiffs in nearly 34,000 asbestos claims the chance to vote themselves a payday.