The insurance team at Proskauer Rose LLP is adept at managing general liability claims across various sectors including financial services, consumer products, and pharmaceuticals. Moreover, they excel in securing coverage for bonds, financial guaranty, and political risk insurance. This includes coverage selection, negotiation, program structuring, and claims and litigation management. They handle both litigation and transactional matters seamlessly, showcasing proficiency in domains such as general liability, product recall, property damage, business interruption, directors and officers, professional liability, cyber, employment practices, and fiduciary liabilities. Led by John Failla, a specialist in insurance counseling and recovery for business policyholders based in New York, the team offers comprehensive expertise in all aspects of the insurance process. Alongside Failla, Nathan Lander in New York plays a crucial role in counseling business policyholders and representing them in coverage disputes. Lander offers guidance to asset management clients, helping them obtain, negotiate, and structure insurance programs to safeguard their funds, management/advisory companies, portfolio companies, and individuals.

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Key clients

  • Valeant Pharmaceuticals (now known as Bausch Health)
  • Various – Private Equity/Hedge Fund
  • Los Angeles Lakers
  • Wells Fargo, as Securities Intermediary
  • SoClean, Inc.
  • Transactional Related Matters
  • Church & Dwight

Work highlights

  • Representing Valeant in coverage litigation against its D&O Insurers in New Jersey federal court in which Valeant sought coverage under two separate insurance programs to cover the costs of defense and indemnity of securities litigation regarding its failed tender offer to acquire Allergan and significant stock drop litigations and regulatory matters.
  • Represented Los Angeles Lakers in a lawsuit against its insurer, Chubb, seeking coverage for the Lakers’ COVID-19 related business interruption losses.
  • Represented Wells Fargo, as Securities Intermediary against United States Life Insurance Company in the City of New York, seeking $9.8 million owed under a life insurance policy.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

John Failla

Other key lawyers

Nathan Lander