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AICPA

Ed Smallwood Co-Presents on Legacy Liabilities Associated with Defunct Entities at Perrin Conference on May 11


On May 11, 2022, Edward A. Smallwood co-presented, "Chronic Legacy Liabilities," at Perrin Conference's Insurance Coverage & Allocation Issues Conference in Philadelphia, PA. He co-presented with Kevin Cooke, The RiverStone Group, James P. Ruggeri, Ruggeri Parks Weinberg LLP, and Daniel Belzil, Belluck & Fox, LLP

The presentation focused on identifying and mitigating claims related to defunct entities. These "legacy liabilities" may arise from restructuring, bankruptcy, or other corporate transactions. The presenters discussed what types of claims may arise from a defunct entity, how to allocate for liabilities, and how to identify them early.