Ongoing Evaluation of Contingent Liability

Case Study: Ongoing Evaluation of Contingent Liability

Challenge:

For many years, a Fortune 50 chemical manufacturer has been pursued for damages arising from their asbestos and chemical products. There is uncertainty surrounding expectations of future liability, the estimates for which must be communicated to shareholders.

Implementation:

ARPC reviewed and analyzed asbestos claim and resolution activity for purposes of forecasting future liability. In the process, our senior advisor worked closely with the company board of directors on response strategies, shareholder communications, and litigation advice.

Results:

ARPC continues to provide estimates of liability in aiding the company in setting and satisfying SEC reserving requirements, as well as posting to their annual financial statements.