Law360, New York (January 24, 2018, 6:42 PM EST) -- Reed Smith LLP's insurance recovery practice had a splashy year, with a huge bad faith finding in Pennsylvania and a significant ruling expanding coverage for private equity firms, landing it among Law360's Practice Groups of the Year.
Type: Practice Award, News Clips
Last February, a Pennsylvania state judge awarded a unit of safety equipment maker MSA Safety Inc. $30 million in punitive damages for bad faith as part of a long-running insurance coverage dispute with North River Insurance Co.
That's in addition to the $10.9 million MSA LLC, formerly known as Mine Safety Appliances Co., won from a jury a few months earlier; the judge later added $2 million more in fees to the judgment, which is now on appeal. MSA, which has its headquarters outside of Pittsburgh, said it was the largest award ever issued in Pennsylvania for a case of this kind.
Reed Smith's Brian Himmel, the co-lead partner on the case, said it stood out because of its uniqueness.
Download the PDF below to read the full article from Law360 written by Cara Salvatore.