North America - United States • Insurance
Proskauer Rose LLP
The insurance team at Proskauer Rose LLP is adept at managing general liability claims across various sectors including financial services, consumer products, and pharmaceuticals. Moreover, they excel in securing coverage for bonds, financial guaranty, and political risk insurance. This includes coverage selection, negotiation, program structuring, and claims and litigation management. They handle both litigation and transactional matters seamlessly, showcasing proficiency in domains such as general liability, product recall, property damage, business interruption, directors and officers, professional liability, cyber, employment practices, and fiduciary liabilities. Led by John Failla, a specialist in insurance counseling and recovery for business policyholders based in New York, the team offers comprehensive expertise in all aspects of the insurance process. Alongside Failla, Nathan Lander in New York plays a crucial role in counseling business policyholders and representing them in coverage disputes. Lander offers guidance to asset management clients, helping them obtain, negotiate, and structure insurance programs to safeguard their funds, management/advisory companies, portfolio companies, and individuals.
Legal 500 Editorial commentary
Key clients
- Valeant Pharmaceuticals (now known as Bausch Health)
- Various – Private Equity/Hedge Fund
- Los Angeles Lakers
- Wells Fargo, as Securities Intermediary
- SoClean, Inc.
- Transactional Related Matters
- Church & Dwight
Work highlights
- Representing Valeant in coverage litigation against its D&O Insurers in New Jersey federal court in which Valeant sought coverage under two separate insurance programs to cover the costs of defense and indemnity of securities litigation regarding its failed tender offer to acquire Allergan and significant stock drop litigations and regulatory matters.
- Represented Los Angeles Lakers in a lawsuit against its insurer, Chubb, seeking coverage for the Lakers’ COVID-19 related business interruption losses.
- Represented Wells Fargo, as Securities Intermediary against United States Life Insurance Company in the City of New York, seeking $9.8 million owed under a life insurance policy.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next generation partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Nathan Lander is a partner in Proskauer's Insurance Recovery & Counseling Group who represents clients in high-stakes disputes with their insurance companies as well as counseling them regarding a wide array of insurance issues. During the course of his career, Nate has assisted clients in recovering more than $1 billion in disputes with their insurers through litigations, arbitrations, mediations and negotiations. Nate prides himself in helping clients reach favorable resolutions with their insurers where possible, but when insurers refuse to pay, Nate has aggressively litigated coverage disputes against them in courts and arbitrations throughout the country. Although Nate has represented a wide range of policyholder clients – including Fortune 500 companies and professional sports teams, among others – Nate is particularly well-known for his representations of asset management clients in insurance disputes. Nate has represented numerous private equity firms and portfolio companies, hedge funds, registered funds, venture capital firms, and other asset managers in disputes with insurance companies, including claims for coverage under D&O, E&O, crime, life, property, and other policies. For example, Nate was recently lead counsel for a private equity firm in a litigation over $100 million of coverage its insurers refused to provide for claims against the private equity firm arising from the bankruptcy of a portfolio company. In addition to his litigation practice, Nate also regularly advises clients on risk management issues, including structuring of insurance programs and the negotiation and drafting of policy language, in order to help protect clients in the event of a claim or loss. Nate has particular experience with respect to the insurance markets and products for asset management clients. He has assisted numerous asset managers of all types and portfolio companies in reviewing and negotiating potential insurance policies or programs, including D&O, E&O, EPL, fiduciary, crime, cyber, reps & warranties and other specialized products.
Practice head
The lawyer(s) leading their teams.
John Failla