Michael Shepard’s insights were featured in The New York Times article, “A Berkshire Insurance Bet Went Bad. It Wants a Bankruptcy Court to Limit the Damage.”
“They’re not bankrupting it because the company all of a sudden couldn’t pay its bills,” said Michael Shepard, a lawyer representing asbestos-injury claimants. “They’re bankrupting it because all of a sudden it doesn’t look like a good investment anymore.”
