Represent one of the nation's largest operators of petroleum product terminals recovering in excess of $29 million from its property insurers for damage resulting from Hurricane Ike. Settled prior to trial.
Represented a paper mill in negotiating coverage-in-place agreement with its liability insurer related to asbestos-related liabilities. Later negotiated settlement with liability insurer after insurer was placed into receivership. Case settled before trial in original coverage suit; later claim settled without litigation.
Represented a diversified financial services company and regional bank in its claim for D&O insurance coverage, and the fidelity claim that the bank submitted under a financial institution bond for losses related to 70 loans that the bank made, totaling in excess of $14 million, to borrowers who purchased lots in a real estate development that turned out to be a fraudulent scheme perpetrated by the developers and the closing attorney representing the bank.
Represented a retail business in recovering in excess of $5 million from its property insurer for property damage and business interruption losses resulting from Hurricane Ike. Settled without litigation
Represent two office warehouses seeking to recovery from their property insurer more than $15 million in losses resulting from Hurricane Ike. Settled prior to trial.
Accomplished Litigator Stephen Foresta Joins McGuireWoods as New York Partner
May 9, 2019
McGuireWoods Earns Top Rankings in Chambers USA’s 2019 Leading Lawyers Guide
April 30, 2019
200 McGuireWoods Attorneys Recognized In 2019 Edition of The Best Lawyers in America
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UK Ruling a “Significant Step” Toward Certainty for COVID-19 Business Interruption Claims
September 21, 2020
Insurance Relief for Riot-Impacted Businesses
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Policyholders Must Give Timely Notice to Preserve COVID-19 Business Interruption Claims
May 13, 2020
Navigating the COVID-19 Challenge — Delays, Changes and Cost Recovery Under Federal Contracts
March 26, 2020
Business Interruption and Contingent Business Interruption Coverage for COVID-19
March 24, 2020