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Fuller-Austin Verdict One of the Top 10 Jury Verdicts in the United States for 2003

  • October 28, 2004

Anderson Kill, led by Robert M. Horkovich, successfully fought for insurance coverage on behalf of Fuller-Austin Insulation Company in the Superior Court of California, Los Angeles County, resulting in what is now recognized as one of the top 10 jury verdicts in the United States for 2003.

The jury awarded Fuller-Austin $188,739,014 in damages from the remaining insurance defendants following successful settlements in excess of $200 million from 17 other insurance companies.  Fuller-Austin was an asbestos insulation company which had its asbestos liabilities determined in the very first pre-packaged bankruptcy in the country under 11 524(g).  The jury found that Fuller-Austin's present liability for future claims could reasonably be estimated and calculated Fuller-Austin's total liability in the amount of $986,175,000, making available Fuller-Austin's entire insurance portfolio.  The Fuller-Austin verdict is presently on appeal.  The settlements already achieved are part of distributions on one of the most successful asbestos settlement trusts in the country.  Anderson Kill's co-counsel was the Los Angeles office of former law firm Zevnick Horton LLP.  Attorneys on the Anderson Kill trial team included Robert M. Horkovich, Rhonda D. Orin and Robert Y. Chung.Robert M. Horkovich quoted regarding Fuller-Austin's Asbestos Case: Christopher Oster, "Payout Timeline for Insurers on Asbestos Claims May Shrink," Wall Street Journal, April 23, 2002.

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Robert M. Horkovich
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Rhonda D. Orin
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