Mark D Silverschotz

April 02, 2020 | Insurance Coverage Law Center

In these cases, insurance policies are often placed into a reorganization trust for the benefit of creditors who are then left to fend for themselves against often recalcitrant insurance companies.

By Mark D. Silverschotz and Bruce Strong

8 minute read

September 20, 2019 | New York Law Journal

This new decision is significant because lawsuits against former (and current) officers and directors of debtors commonly are brought by trustees, creditors' committees so-empowered by bankruptcy court orders, or, as here, by trusts established under plans of reorganization. Because insurance policies often are the only viable source of recovery for the claims asserted in such lawsuits, this decision potentially opens a pathway to creditor recovery in other similar matters.

By Mark D. Silverschotz

8 minute read