Joseph F. Rice
Joseph Rice
Mount Pleasant
South Carolina (SC)
Class Action/Mass Torts
Securities Litigation
General Litigation
Profile
Motley Rice co-founding member Joe Rice is recognized as a skillful and innovative negotiator of complex litigation settlements. As lead private counsel for 26 jurisdictions, including numerous State Attorneys General, he played a central role in crafting the landmark Master Settlement Agreement, the largest civil settlement in U.S. history, in which the tobacco industry agreed to reimburse states for smoking-related health costs. Over the past two decades, Joe has also been recognized for his role in structuring some of the most significant resolutions of asbestos liabilities on behalf of victims injured by asbestos-related products.
Joe was chair or co-chair of the Asbestos Creditor Committee in several bankruptcies, including AWI, Federal Mogul and Pittsburgh Corning. In addition, he was the lead negotiator for the Owens Corning bankruptcy without a committee and served on the Negotiating Committee of many others, including the U.S. Gypsum and W.R. Grace bankruptcies. He remains a key player in developing and negotiating the structured settlements of asbestos manufacturers emerging from bankruptcy and has worked on numerous Trust Advisory Committees.
Currently, Joe also directs the Motley Rice securities litigation team in securities fraud litigation, shareholder derivative cases and actions against proposed merger and acquisition transactions. He is sought after by investment funds for guidance on strategies to increase shareholder value and enhance corporate governance reforms and asset recovery through litigation. He is also helping to lead the firm in litigation and claims efforts involving individuals and businesses in Gulf Coast communities suffering as a result of the BP oil spill that began in April 2010, serving on the Plaintiffs' Steering Committee for the BP MDL In re Oil Spill by the Oil Rig "Deepwater Horizon" in the Gulf of Mexico, on April 20, 2010.
Joe continues to negotiate on behalf of the firm’s clients in anti-terrorism and human rights, environmental, drugs, devices and catastrophic injury cases. He held a crucial role in executing the strategic mediations and/or resolutions in more than 50 aviation liability and damages cases against multiple defendants on behalf of families of the victims of the 9/11 attacks who opted out of the Victim Compensation Fund. In addition to providing greater answers, accountability and recourse to victims’ families, the resulting settlements shattered a settlement matrix developed and utilized for decades, and the litigation helped provide public access to evidence in an archive of selected discovery materials gathered in the litigation.
Selected To
South Carolina Super Lawyers 2011
South Carolina Super Lawyers 2010
South Carolina Super Lawyers 2009
South Carolina Super Lawyers 2008
About Joseph Rice
Admitted: 1979, South Carolina
Professional Webpage: www.motleyrice.com/attorneys/view/joseph-f-rice
Honors and Awards:
- Described as one of the nation’s “five most feared and respected plaintiffs’ lawyers in corporate America” in a poll of defense counsel and legal scholars conducted by Corporate Legal Times, Joe was cited time after time as one of the toughest, sharpest and hardest-working litigators they have faced. As the article notes, “For all his talents as a shrewd negotiator ... Rice has earned most of his respect from playing fair and remaining humble.” Joe was a 2012 recipient of the SC Lawyers Weekly Leadership in Law Award. In 2011, the University of South Carolina School of Law Alumni Association honored him with its platinum Compleat Lawyer Award, and he was highlighted in the 2011 Litigation edition of The Legal 500 (mass tort and class action: plaintiff representation- toxic tort). The inaugural edition of Benchmark Plaintiff, The Definitive Guide to America’s Leading Plaintiff Firms & Attorneys recognized Joe as a "Local Litigation Star" in its national rankings for mass torts/products liability, as well as its South Carolina rankings in environmental, mass tort and products liability. Recognized as an AV® rated attorney by Martindale-Hubbell®, he has been named to each annual edition of The Best Lawyers in America® since 2007 and was selected by his peers for inclusion in the 2012 edition for his work in mass tort litigation/class actions- plaintiffs. He has been included in every edition of South Carolina Super Lawyers® since 2008 and, in 2010, was named a Top 100 Trial Lawyer™ by The National Trial Lawyers. The American Lawyer described Joe in 2006 as "one of the shrewdest businessmen practicing law." In 1998, Joe received the President’s Award of the National Association of Attorneys General.
Special Licenses/Certifications:
- Licensed in: DC, SC Admitted to Practice Before: U.S. Supreme Court; U.S. Court of Appeals for the Second, Third, Fourth and Fifth Circuits; U.S. District Court for the District of Nebraska and the District of South Carolina
Bar/Professional Activity:
- A frequent guest speaker, Joe has presented as numerous conferences and seminars nationwide, including the National Asbestos Litigation Conference, the National Conference on Public Employee Retirement Systems, the Public Funds Summit, Class Action Settlements: Approval, Distribution and Oversight Workshop and several asbestos bankruptcy and complex litigation conferences. In 1999 and 2000, he served on the faculty at Duke University School of Law as a Senior Lecturing Fellow, and he has taught classes at the University of South Carolina School of Law, Duke University School of Law and Charleston School of Law on the art of negotiating. He is a member of the American Association for Justice, American Bar Association, American Inns of Court, South Carolina Association for Justice and the American Constitution Society for Law and Policy.
Pro bono/Community Service:
- Joe serves his community through several organizations, including First Tee of Greater Charleston, the Center for Birds of Prey and the Dee Norton Lowcountry Children’s Center, for which he co-chaired the inaugural Campaign for the Next Child. In 2010, MUSC Children's Hospital honored Joe with its Johnnie Dodds Award for his longtime support of its annual Bulls Bay Golf Challenge Fundraiser and continued work on behalf of our community's children. The University of South Carolina awarded Joe and his family with its 2011 Garnet Award for their passion for and devotion to Gamecock athletics. Joe was also awarded the 2011 Tom Fazio Service to Golf Award in recognition of his efforts to help promote the SC Junior Golf Association Programs.
Educational Background:
- J.D., University of South Carolina School of Law, 1979 B.S., University of South Carolina, 1976
Super Lawyers is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high-degree of peer recognition and professional achievement. The selection process is multi-phased and includes independent research, peer nominations and peer evaluations.
