Lisa M.Cirando

Of Counsel

New York + 1.212.326.3770

Lisa Cirando is an experienced insurance recovery litigator who crafts and implements innovative strategies to resolve coverage disputes and maximize insurance recoveries. Corporate buyers and sellers frequently consult Lisa on complex risk transfer and indemnification matters. She is highly regarded for her work in transactional M&A and private equity insurance placements and claims, including with respect to representations and warranties (warranty and indemnity) insurance.

Lisa represents clients in a wide range of industries located throughout the world. Her experience spans R&W, D&O and E&O, catastrophic property damage and business interruption, intellectual property, product recall and product liability, environmental, construction defect, unfair competition, business torts, tax, data breach/cyber liability, and employment policies and claims. Lisa has secured hundreds of millions of dollars in insurance recoveries for her policyholder clients.

Nationally recognized for her experience, Lisa speaks and publishes widely, particularly on emerging insurance issues, and she is regularly invited to chair industry conference panels at insurance and bar association conferences. She has devoted thousands of hours of pro bono legal services in connection with diverse organizations. In 2014, Lisa received the Pro Bono Publico Award for outstanding service to The Legal Aid Society and its clients in recognition of her efforts to help New York City residents impacted by Superstorm Sandy. A dedicated community leader, Lisa has been honored for her service on the boards of several nonprofits. She currently chairs the board of directors of Hand Papermaking, Inc.

Experience

  • EagleTree Capital to sell Airtech Group, US Valve Corporation, and related entities to IDEX Corporation for $470 millionJones Day is representing investment funds managed by EagleTree Capital in the sale of Airtech Group, US Valve Corporation, and related entities to IDEX Corporation for $470 million.
  • Skyworks Solutions to acquire Infrastructure and Automotive business of Silicon Laboratories for $2.75 billionJones Day is advising Skyworks Solutions, Inc., an innovator of high-performance analog semiconductors, in connection with its definitive agreement to acquire the Infrastructure and Automotive business of Silicon Laboratories Inc. (NASDAQ: SLAB), a leading provider of silicon, software, and solutions, in an all-cash asset transaction valued at $2.75 billion.
  • MedShape acquired by DJOJones Day advised MedShape, Inc., a privately held orthopedic medical device company founded in 2005, in connection with its acquisition by DJO, a subsidiary of Colfax Corporation.
  • Xact Data Discovery to sell company to Aquiline Capital PartnersJones Day is representing Xact Data Discovery, a leading international provider of eDiscovery, data management, and managed review services for major law firms and corporations and portfolio company of JLL Partners, in connection with its acquisition by Aquiline Capital Partners LLC, a New York-based private equity firm.
  • Demers Braun Crestline acquires Medix Specialty VehiclesJones Day advised Demers Braun Crestline in the acquisition of Medix Specialty Vehicles, a full line final stage ambulance manufacturer headquartered in Elkhart, Indiana.
  • J.F. Lehman & Company acquires Trillium Engineering, LLCJones Day advised J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, on its acquisition of a substantial investment in Trillium Engineering, LLC, a leading designer and manufacturer of highly engineered camera gimbals for unmanned aerial systems ("UAS") performing mission-critical intelligence, surveillance and reconnaissance missions, from its founders.
  • Bally's acquires Monkey Knife FightJones Day advised Bally's Corporation in its acquisition of Monkey Knife Fight, the award-winning, fastest-growing gaming platform and third-largest daily fantasy sports operator in North America, in an all-stock transaction.
  • Wabtec to acquire Nordco for $400 millionJones Day is advising Wabtec Corporation in its $400 million cash acquisition of Nordco, a leading North American supplier of new, rebuilt, and used maintenance of way equipment with a broad product and service portfolio including mobile railcar movers and ultrasonic rail flaw detection technologies, from Greenbriar Equity Group LP.
  • Twilio acquires ValueFirstJones Day advised Twilio Inc. in its acquisition of ValueFirst Digital Media Private Limited, a leading Indian provider of digital communication solutions through telephone voice and data communications offering services in India and South-East Asia.
  • Playboy acquires sexual wellness chain LoversJones Day advised Playboy Enterprises Inc. in its $25 million acquisition of TLA Acquisition Corp., the parent company of the Lovers family of stores, a leading omni-channel online and brick-and-mortar sexual wellness chain, with 41 stores in five states.
  • LeBaronBrown Industries acquires NPS Holdings Inc.Jones Day advised LeBaronBrown Industries LLC in its acquisition of a majority interest in the NPS Towel & Tissue Division of NPT Holdings Inc., a leading towel & tissue and specialty packaging converter.
  • American Industrial Partners to acquire High Pressure Solutions Segment of Ingersoll Rand for $300 millionJones Day is advising American Industrial Partners in its $300 million acquisition of a majority interest in the High Pressure Solutions Segment of Ingersoll Rand, a premier market leader in the manufacturing, service, and repair of high-pressure pumps and related consumables in the upstream energy market.
  • Bally's acquires SportCallerJones Day advised Bally's Corporation in its acquisition of SportCaller, one of the leading B2B free-to-play (F2P) game providers for sports betting and media companies across North America, the UK, Europe, Asia, Australia, LATAM, and Africa.
  • American Pacific Group portfolio company acquires PenetrexJones Day represented American Pacific Group in connection with the acquisition by portfolio company Wellbeam Consumer Health LLC, formerly Yukon Wellness Holdings LLC, of Penetrex, a leading joint and muscle relief and recovery brand.
  • Riverside portfolio company acquires TriLink Saw Chain, LLCJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company Arrowhead Engineered Products, Inc. of substantially all of the assets of TriLink Saw Chain, LLC, a leading distributor of chainsaw chains, guide bars, and other accessories used in the arborist and forestry industries.
  • Twin River Worldwide Holdings acquires three casinos from Eldorado and Caesars for $180 millionJones Day advised Twin River Worldwide Holdings, Inc. in the $155 million acquisition of Eldorado Shreveport Resort and Casino in Shreveport, Louisiana, and the MontBleu Resort Casino & Spa in Lake Tahoe, Nevada, from Eldorado Resorts, Inc., and Bally's Atlantic City Hotel & Casino in New Jersey from Caesars Entertainment Corporation and Vici Properties Inc. for $25 million.
  • J.F. Lehman & Company acquires CTS EnginesJones Day advised J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, in the acquisition of CTS Engines, LLC and CTS Testing, LLC.
  • Ansys acquires Analytical Graphics, Inc. for $700 millionJones Day advised Ansys, Inc. in the $700 million acquisition of Analytical Graphics, Inc., a provider of mission-driven simulation, modeling, testing and analysis software for aerospace, defense and intelligence applications.
  • Five9 acquires Inference Technologies GroupJones Day advised Five9, Inc. in its acquisition of Inference Technologies Group, Inc., a leading global provider of Intelligent Virtual Agents for sales and service organizations.
  • Helios Technologies acquires Balboa Water Group for $218.5 millionJones Day advised Helios Technologies in the $218.5 million acquisition of BWG Holdings I Corp. (operating as Balboa Water Group) from investment funds affiliated with AEA Investors LP.
  • The following represents experience acquired prior to joining Jones Day.

    Successfully litigated an appeal to a New York State appellate court on behalf of a famed New York City hotel and obtained a landmark victory for policyholders in Hotel des Artistes v. General Accident Insurance Company of America, 9 A.D.3d 181 (1st Dep't 2004), which recognized that a general liability policy provides a duty to defend against claims involving breach of contract and that allocated the burden of proof to the insurance company to demonstrate those portions of the settlement that are not covered by the policy.

    Represented PricewaterhouseCoopers LLP seeking errors and omissions coverage for a $182 million verdict resulting from a claim brought by the receiver for Ambassador Insurance Company.

    Represented a global financial services firm in a dispute with its fidelity bond insurance companies relating to a claim involving an elaborate fraud perpetrated by a financial advisor who sold fake securities and used the funds to invest in risky trading schemes that benefitted himself and reached a settlement with the insurance companies that involved offsets, assignments, and contingency clauses that took into account the amounts received in restitution proceedings brought against the individual advisor and his family; the amounts of settlements/judgments ultimately paid to those clients who refused to settle their claims; and the legal fees and costs required to pursue and/or defend such actions.

    Represented Rank Group Plc. (Hard Rock Cafe) in international litigation regarding its business interruption claims for the New York and Washington, D.C. Hard Rock Cafe restaurants for business losses sustained as a result of the September 11, 2001 terrorist attacks.

    Represented Paxson Communications Corporation in multistate litigation regarding its property damage, business interruption, and extra expense losses incurred as a result of the September 11, 2001 terrorist attacks.

    Represented WellCare Health Plans, an HMO, with respect to errors and omissions liability claims arising out of a dispute with one of WellCare's sales/marketing agents.

    Represented Hartz Mountain Industries in litigation regarding a competitor's wrongful act claims under a directors and officers liability insurance policy and in litigation regarding construction defect/property damage claims under a CGL insurance policy.

    Represented Warnaco Group in directors and officers liability insurance claims involving a competitor's claims, multiple shareholder securities class actions, and an SEC investigation.

    Represented a brewing company's claims for coverage under D&O and fiduciary liability policies for international securities class actions and ERISA actions.

    Represented a major steel manufacturer in litigation involving first-party and business interruption claims resulting from an explosion at one of the steel manufacturer's facilities.

    Speaking Engagements

    • April 29, 2015
      RIMS 2015 Annual Conference and Exhibition, The Fourth Industrial Revolution: Managing The Many Dimensions of 3D Printing
    • October 3, 2012
      The New Jersey Association for Food Protection: An Introduction to Insurance for Food and Beverage Claims, Rutgers University
    • April 17, 2012
      Your D&O Roadmap - How to Avoid Pitfalls, Potholes and Pileups, Risk and Insurance Management Society's 2012 Annual Conference
    • March 29, 2012
      Insurance for Alternative Asset Managers: Not All Policies Are Created Equal, The Westchester/Southern Connecticut Chapter of The Association of Corporate Counsel
    • June 28, 2011
      2011 Speaker Series
      Labor and Employment: The EEOC's Renewed Focus on Systemic Discrimination
    • March 6, 2010
      Now You See It, Now You Don't - Demystifying Exclusions and the Illusion of No Coverage, ABA Insurance Coverage Litigation Committee CLE Seminar
    • December 3, 2009
      Emerging Coverage Disputes, HB Litigation Conference's Fidelity Bond and Crime Coverage Conference
    • August 2, 2009
      The Changing Climate of Insurance, American Bar Association Annual Conference
    • June 11, 2009
      Current Issues in D&O Liability & Insurance - Madoff Liability, The Association of the Bar of the City of New York
    • May 5, 2009
      The Basics of Municipal Insurance Contracts, The County Attorneys' Association of the State of New York's Annual Meeting
    • February 27, 2009
      Climate Change and Its Challenges for Policyholders and Insurers, ABA Tort Trial & Insurance Practice Section's Annual Insurance Coverage Litigation Committee Program
    • April 28, 2008
      Green by Design - Insurance Coverage for Building Green, Risk and Insurance Management Society's 2008 Annual Conference
    • February 29, 2008
      Coverage for an Inconvenient Truth? D&O Coverage for Global Climate Change, ABA Insurance Coverage Litigation Committee CLE Seminar
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