Business and Financial Disputes
WMC represents clients in all types of business disputes. Our lawyers have successfully litigated and tried major commercial and financial lawsuits in state and federal courts and arbitration proceedings across the country, and have helped clients recover hundreds of millions of dollars.
Our lawyers’ successful trials have included:
- A trial on behalf of a tire designer and distributer that was the victim of a theft of its intellectual property by companies from Dubai and China ($26 million verdict – one of the top 100 verdicts in the United States in 2010).
- A trial on behalf of an investment fund that sued a foreign broker-dealer for $57 million in losses incurred after an insurance company defaulted on commercial paper sold by the broker-dealer (favorable settlement on the eve of closing arguments).
- An insurance coverage trial against the liability insurer of a defunct insulation installer with millions of dollars in asbestos liabilities (verdict finding coverage for asbestos-related personal injury claims).
- A summary judgment “trial” on behalf of a whistleblower who alleged that a property and casualty insurer violated the federal false claims act by improperly categorizing wind-damage claims as flood-damage claims and passing on wind-related losses to the Federal Emergency Management Agency (FEMA) flood insurance program (denial of summary judgment after evidentiary hearing).
- We also have extensive experience with alternative dispute resolution proceedings. We routinely handle complex negotiations and mediations involving bankruptcy trustees, insurers, business partners, lenders, investors, customers, and others. For example, we led a group of major food companies in global settlement negotiations arising out of the salmonella contamination of a food ingredient that affected suppliers, processors, end users, and consumers throughout the United States and abroad. Our lawyers recently played the lead role in devising a claim settlement protocol that kept a tangled web of supply chain disputes out of court and also resulted in an agreement in principle by the ingredient manufacturer’s liability insurer to pay full coverage limits.
Because of our extensive experience representing clients in litigated business disputes, clients often seek our lawyers’ advice before disputes arise. We counsel clients on insurance, contract, indemnification, and employment issues bearing on management liability, supply chain relationships, and intellectual property protection. These assignments often are very inexpensive compared to the savings resulting from our advice.