Photo: Jason Doiy/ALM You Probably Can't Buy the Insurance Policies That Saved Quinn Emanuel Tens of Millions
Policies like the ones that preserved most of the firm's $185 million fee award against a subsequent 50% reduction are harder to find after recent losses for providers.
October 21, 2024 at 03:11 PM
4 minute read
What You Need to Know
- Judgment preservation insurance helped Quinn Emanuel keep most of a $185 million fee award that was halved on remand this month.
- The insurance offering was gaining steam until several major losses for insurers reduced providers' appetite for risk.
- Insuring sums under $100 million remains possible, one industry broker said.
Oct. 10 could have been a bad day for Quinn Emanuel Urquhart & Sullivan.
That Thursday, Judge Kathryn C. Davis of the U.S. Court of Federal Claims halved Quinn Emanuel's initial $185 million fee award in a lawsuit the firm filed for insurers seeking repayment from Obamacare. After winning $3.7 billion for the insurers, multiple insurers challenged the $185 million fee award, prompting the U.S. Court of Appeals for the Federal Circuit to vacate the award and remand it back for reconsideration.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Nixon Peabody Hits Personal Injury Firm With Contingency Fee Suit, Alleges Firm 'Improperly' Took Its Clients
BCLP Sues Miss America Competitions for Nearly $1 Million in Unpaid Fees
Lewis Brisbois Sues Realty Firm Cushman & Wakefield Over $86K+ in Unpaid Legal Fees
'Seriously Inflated' Duane Morris Bill Highlights Risk When Big Law and Public Clients Lack Alignment
7 minute readLaw Firms Mentioned
Trending Stories
- 1Gunderson Dettmer Opens Atlanta Office With 3 Partners From Morris Manning
- 2Decision of the Day: Court Holds Accident with Post Driver Was 'Bizarre Occurrence,' Dismisses Action Brought Under Labor Law §240
- 3Judge Recommends Disbarment for Attorney Who Plotted to Hack Judge's Email, Phone
- 4Two Wilkinson Stekloff Associates Among Victims of DC Plane Crash
- 5Two More Victims Alleged in New Sean Combs Sex Trafficking Indictment
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
