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An judge taking notes


The Legacy solution has been percolating for years as leaders in the mass tort community have struggled for a solution that solves complex litigation issues for plaintiffs and defendants.  Our founding executive team has combined over 100 years of experience in mass tort litigation and liability risk transfer, structural corporate optimization, bankruptcy, asset management, and in-house legal management. 

The Legacy solution is to absorb all past, present, and future mass tort claims from a liability-tainted company with indemnification.  Legacy is able to advise, acquire restructured liability-tainted companies, and manage the liabilities for decades to come; avoiding lengthy and expensive bankruptcy solutions.  Liability is fully assumed under Legacy-designed 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.

Asset Management

In order to effectively manage the assets of the Company, Legacy will form an acquisition entity.  The acquistion entity will own the equity of the individual mass tort entities it acquires.  Each of the acquired mass tort entities will be regulated by the constituent documents, governing investment risks, and capital management and liquidity policies, all agreed upon with the seller prior to closing.  The acquisition entity will finance the acquisition of mass tort entities, using a combination of debt and equity.

524(g) Trust vs Legacy Model

A 524(g) Trust is a well-established approach to claims resolution.  The model developed by Legacy has a number of features which enable it to achieve superior outcomes for claimants.  The distinguishing features of the Legacy Model include:

  • Increased flexibility in managing assets.

  • The capacity and economic incentive to negotiate inventory deals at rational prices.

  • A significantly reduced tax burden compared to 524(g) Trusts.

  • A cost structure that is approximately 50% to 75% of that of a 524(g) Trust through a reduction in fixed operating costs.

Collectively, these advantages empower the Legacy Model to generate an incremental 10-15% more capital available for claim payments in comparison to a 524(g) Trust.

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