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

  • 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 Corporation 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.
  • Bally's to acquire Monkey Knife FightJones Day is advising 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.
  • 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 Mont Bleu 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.
  • David Fischer sells Innovalog to AppfireJones Day advised David Fischer in the sale of Innovalog, an Atlassian Platinum Marketplace Partner behind Jira Misc Workflow Extensions, one of the best-selling workflow products for Jira that is used by teams around the world, to Appfire.
  • OVHcloud acquires EXTEN Technologies, Inc.Jones Day advised OVHcloud, a global cloud leader and the largest European cloud provider, in its acquisition of technology and certain assets of EXTEN Technologies, Inc., a U.S.-based storage software company specializing in NVMe over Fabrics.
  • Riverside portfolio company acquires Parker Products, LLCJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company Parker Products, LLC of Creative Food Ingredients, Inc., a provider of baked food ingredients and inclusions.
  • Vantage Data Centers forms $3.5 billion strategic partnership with Colony Capital to advance data center growthJones Day advised Vantage Data Centers, a leading global provider of hyperscale data center campuses, on forming a strategic partnership with Colony Capital, Inc. valued at $3.5 billion to accelerate the expansion of Vantage’s best-in-class, wholesale data centers throughout North America and Europe.
  • Materion acquires Optics Balzers, AG for $160 millionJones Day advised Materion Corporation, a global supplier of highly engineered advanced enabling materials, in its $160 million acquisition of Optics Balzers, AG, an industry leader in thin film optical coatings.
  • Riverside invests in Buildout, Inc.Jones Day advised The Riverside Company in connection with its investment in and financing of Buildout, Inc., a Chicago company that provides SaaS-based marketing and customer relationship management software to commercial real estate brokerages.
  • JTC acquires NES Financial for up to $116 millionJones Day advised JTC PLC in the acquisition of NES Financial, a technology-enabled provider of specialist fund administration and treasury services recognized on the San Francisco Business Times top Bay Area fintech list, for up to $116 million.
  • LendingTree announces strategic investment in StashJones Day advised LendingTree, Inc. in its strategic investment in Stash, one of the fastest-growing banking and investing services in the U.S.
  • FlaglerCE sold assets to Alta Equipment Holdings Inc.Jones Day advised FlaglerCE Holdings, LLC in the sale of substantially all of its assets to Alta Equipment Holdings Inc.
  • Milliken & Company acquires Borchers from The Jordan CompanyJones Day advised Milliken & Company in its acquisition of Borchers Group Limited, a global specialty chemicals company known for its innovative high-performance coating additives and specialty catalyst solutions, from The Jordan Company, L.P.
  • Twin River Worldwide Holdings acquires three Colorado casinos from Affinity Gaming for $51 millionJones Day advised Twin River Worldwide Holdings, Inc. in its acquisition from a subsidiary of Affinity Gaming of three casino properties, Golden Gates, Golden Gulch, and Mardi Gras, in Black Hawk, Colorado, for $51 million.
  • Morgan Stanley Capital Partners portfolio company acquires iMark MoldingJones Day represented Morgan Stanley Capital Partners in connection with the acquisition and related financing by portfolio company Comar Holding Company, LLC of iMark Molding, LLC ("iMark") from the original iMark founders.
  • 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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