NSSTA 2020 PRESENTER
For the last 20 years, Michael has concentrated his practice on major insurance secondary market and software litigation cases. He has also represented insurers in property, casualty, and commercial and environmental insurance coverage cases, life and disability insurance coverage cases, alleged agent and broker fraud and Ponzi scheme cases, RICO cases, and countless cases involving annuities. Michael has litigated a broad range of commercial issues, including real estate disputes, equipment leasing, lending agreements, shareholder disputes, and construction cases. With an insurance litigation practice that is national in scope, he has a record of successfully litigating the full spectrum of cases involving the sale of life insurance policies and annuities in the secondary market — often representing clients in connection with attempts by “factoring companies” to effectuate purchases of structured settlement payment streams.
Michael also has an impressive track record representing software firms involved in software defect, implementation, and licensing disputes. These cases are litigated and tried in courts all across the country and in international arbitration centers.
Michael has been especially active handling cases arising out of the improper sale of life insurance policies (and interests therein) on the secondary market, sometimes referred to as stranger-originated life insurance (STOLI). Michael provides representation in connection with attempts by “factoring companies” to effectuate purchases of structured settlement payment streams. Michael has a record of successfully litigating the full spectrum of case variations that arise out of STOLI and structured settlements. He has assisted with drafting model legislation and has counseled insurers on developing protocols for responding to the issues raised by factoring transactions and the claims that often result from these transactions. He has developed a national reputation for successfully litigating these cases.
In addition to his experience in a wide range of commercial litigation issues, Michael has also taken the lead in complex insurance transactional matters, including complex environmental risk transfer issues, owner- and contractor-controlled insurance programs, and captive issues. Michael negotiates contracts for transfers of complex environmentally contaminated real estate, and then works with brokers and underwriters to draft insurance policies designed to address these risks. He was involved in “Early Transfer” transactions at the Mare Island Navy Base (California) and the Fort Ord Army Base (California).
Michael has been recognized for several years as a local “Litigation Star” by Benchmark Litigation. Insurance industry associations often invite Michael to speak at their conferences, and Michael is a regular presenter at the National Structured Settlements Trade Association (NSSTA) meetings.
Michael earned his undergraduate degree, magna cum laude, from the University of South Florida. Michael earned his law degree, cum laude, from Temple University Beasley School of Law where he was on Law Review.