Your Light at the End of the Mass Tort Tunnel
PROVEN
SOLUTIONS
to tort-system liability:
ASBESTOS
TALC
HERBICIDES & PESTICIDES
PFAS
OPIOIDS
PHARMACEUTICALS, BIOLOGICS & MEDICAL DEVICES
HOW WE HELP
Bringing over 100 years of experience, Legacy is able to advise, acquire restructured liability-tainted companies, and manage the liabilities for decades to come. Liability is fully assumed under Legacy-designated companies achieving "disaffiliation" under ASC 450 for GAAP and SEC purposes.
The C-Suite experience of its principals enables Legacy to reassure and manage expectations from corporate boards to capital providers. Simply put, Legacy seeks to change business as usual in the tort system, permanently.
LED BY EXPERIENCE
CHIEF EXECUTIVE OFFICER
JAMES F. CONLAN
James F. Conlan was the Global Practice Leader of Sidley Austin's world-wide Restructuring Practice, and one of a handful of world leaders in corporate restructuring. During his 32 year career at Sidley, Conlan pioneered structural optimization of mass tort defendants, as well as the art and science of appropriately transferring the structurally optimized legacy liable entities to new owners with more than adequate capital to meet the legacy liabilities.
JOHN J. GASPAROVIC
VICE PRESIDENT
John J. Gasparovic has held multiple Chief Legal Officer positions of companies (including public companies) with mass tort exposure. Over his 40 year career, John served as the Chief Legal Officer of Exide Technologies, BorgWarner Inc., Federal-Mogul Corporation, Roadway Corporation and Guardian Automotive. With Conlan, Gasparovic, as Chief Legal Officer, structurally optimized both BorgWarner and Exide Technologies.
![Gilbert picture[12].png](https://static.wixstatic.com/media/a9a52b_8529b2448bce4772a3add970cb2a183d~mv2.png/v1/crop/x_148,y_145,w_540,h_638/fill/w_51,h_60,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/Gilbert%20picture%5B12%5D.png)
SCOTT D. GILBERT
VICE PRESIDENT
Scott D. Gilbert is the founder of Gilbert, LLP, a law firm that has been at the forefront of groundbreaking work in mass tort and liability risk-transfer, specializing in complex multi-party dispute resolution involving many tens of billions of dollars. With over 40 years of experience, Scott has developed and implemented cutting-edge initiatives in all areas of mass tort, including global settlements, complex litigation, and bankruptcy. He is well known to and respected by the business community, defense and plaintiffs’ bar, and insurance industry.
DOUG DACHILLE
VICE PRESIDENT and CHIEF INVESTMENT OFFICER
Mr. Dachille served as Executive Vice President and Chief Investment Officer for American International Group, Inc. (“AIG”) (NYSE: AIG) from September 2015 to June 2021. In addition to his role as CIO, Mr. Dachille was responsible for AIG’s Legacy business segment, where he was tasked to exit a portfolio of non-core investments and to dispose of its runoff P&C and Life liabilities. To address the legacy liabilities, a Bermuda composite reinsurer was formed, Fortitude Re, which served to reinsure $35B of liabilities for AIG’s P&C and Life insurers. Mr. Dachille successfully completed the disposition of AIG’s legacy assets and liabilities, culminating with the sale of Fortitude Re to an investor group led by The Carlyle Group.
Before assuming these roles at AIG, Mr. Dachille served as the Chief Executive Officer of First Principles Capital Management, LLC (“First Principles”), an investment management firm he founded, from September 2003 until its acquisition by AIG in September 2015. First Principles was an institutional fixed income asset manager focused on liability-driven investment mandates and it served as a manager for a number of asbestos trusts and nuclear decommissioning trusts.
Prior to First Principles, he was President and Chief Operating Officer of Zurich Capital Markets. Mr. Dachille began his career at JPMorgan Chase, where he served as Global Head of Proprietary Trading and Co-Treasurer. Mr. Dachille earned his bachelor’s degree in a special joint program through Union University and Albany Medical College and an M.B.A. in finance from the University of Chicago.
CONTACT:
161 N. Clark Street
Suite 1700
Chicago, IL 60601
Phone: 312-291-4619
Email: info@legacyliability.com
For any inquiries, please fill in the following contact form:
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