Mass Tort Bankruptcies and Settlement Trusts

Young Conaway is a nationally recognized leader in the field of mass tort bankruptcies and settlement trusts. In particular, Young Conaway is highly respected for its work as counsel to the legal representatives for future claimants in numerous matters involving exposure to asbestos, silica and other toxic substances. The firm pioneered the use of the prepackaged bankruptcy to resolve asbestos liabilities when it represented Fuller-Austin and negotiated the first successful asbestos prepack.

Young Conaway has represented the court-appointed representatives for future mass tort victims in more than a dozen bankruptcy cases and settlement trusts established through bankruptcy proceedings in Delaware and other jurisdictions, including ACandS, A.P. Green, Babcock & Wilcox, Bondex, Celotex, Durabla, Federal-Mogul, Flintkote, Kaiser Aluminum, Met-Coil, Metex Mfg., Mid-Valley (Halliburton), NARCO, Pittsburgh Corning, Porter-Hayden, Quigley, Rapid-American, United Gilsonite Laboratories, and Yarway.

The firm’s experience and substantial relationships with insolvency and other experts around the country enables Young Conaway to advise clients on all matters pertinent to mass tort chapter 11 proceedings and settlement trusts, including estimating claims liability; analyzing, prosecuting and defending potential bankruptcy and non-bankruptcy related causes of action; maximizing value for a debtor and its constituents; fulfillment of fiduciary obligations; forecasting and planning to preserve long-term value of a trust’s corpus; and achieving fair and equitable distribution of trust assets to claimants over the life of a trust. Together with their colleagues in the tax, corporate, litigation, employment, labor and business transaction, and personal injury practice groups, Young Conaway's mass tort team is well equipped to provide sound, creative, and effective legal solutions to future claimant representatives, companies, and other parties currently involved in or contemplating involvement in mass tort bankruptcies or settlement trusts.

Our mass tort team monitors and provides periodic updates on developments in litigation and legislation affecting mass tort matters. If you’re interested in receiving our updates, please contact .