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O’Melveny’s Schiavoni Quoted in Law360 on Insurance SettlementsFebruary 01, 2012
Law360’s January 31, 2012, article, “WR Grace Nears Ch. 11 Exit With Insurance Settlements,” updates an ongoing bankruptcy case of W.R. Grace & Co., which recently received judicial approval for its final plan of reorganization and settlement with insurers. The article quoted O’Melveny & Myers partner Tancred Schiavoni, who represented an insurer on this case, about how the judge’s decision could impact future cases. “This aspect of the holding is particularly significant for other cases involving mass tort claims because a contrary holding would have served as an impediment to settlement of mass tort litigation,” he said in the article.
The case is In re: W.R. Grace & Co. et al., case no. 1:11-cv-00199-RLB in the U.S. District Court for the District of Delaware.