Stout assisted a privately held manufacturing company in achieving finality related to its legacy personal injury asbestos claims. We advised the company regarding different options available to resolve its legacy liability, including sale/divestiture, bankruptcy, and purchasing additional insurance. We also compared these options to the outcome if the company retained the liability and continued to manage it. 

We analyzed the company’s historical and potential future liability arising from asbestos claims and the ability of the company to access associated insurance coverage. Once the decision was made to move forward with the sales process, we led the process, engaging with a variety of interested parties and assisting the company in identifying a transaction partner. We were integrally involved in the due diligence and negotiation of the terms of a successful sale of the company’s asbestos liability and insurance assets.