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

  • General Mills acquires TNT CrustJones Day is advising General Mills in the acquisition of TNT Crust Intermediate Holdings LLC from private equity firm Peak Rock Capital. As part of the acquisition, General Mills will also acquire two manufacturing facilities in Green Bay, Wisconsin, and St. Charles, Missouri.
  • Sensata Technologies acquires DynapowerJones Day is advising Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions and insights for customers, in connection with its acquisition of Dynapower Company, LLC, a leading provider of energy storage and power conversion systems, from private equity firm Pfingsten Partners for $580 million in cash.
  • Riverside invests in PeopleGroveJones Day advised The Riverside Company in the acquisition of PeopleGrove, the leading provider of career mentorship and alumni engagement software for higher education institutions.
  • Aaron's Company acquires BrandsMart U.S.A. for $230 millionJones Day advised The Aaron's Company, Inc., a leading technology-enabled, omnichannel provider of lease-to-own and purchase solutions, on its acquisition of BrandsMart U.S.A. for $230 million.
  • Simpson Manufacturing Company announces offer to acquire Etanco GroupJones Day advised Simpson Manufacturing Company, Inc. in the €725 million acquisition of the Etanco Group.
  • Roper Technologies sells TransCore to Singapore Technologies Engineering for $2.68 billionJones Day advised Roper Technologies, Inc. in the sale of TransCore Partners, LLC and TLP Holdings, LLC to an affiliate of Singapore Technologies Engineering Ltd. for $2.68 billion in cash, subject to customary purchase price adjustments.
  • J.F. Lehman portfolio company acquires InlinerJones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sections, in connection with the acquisition by portfolio company Inland Pipe Rehabilitation of Inliner, a leading, vertically integrated provider of trenchless pipe rehabilitation solutions addressing wastewater and storm water infrastructure, from Granite Construction Incorporated.
  • EssilorLuxottica and CooperCompanies form joint ventureJones Day advised EssilorLuxottica in the formation of its joint venture, SightGlass Vision, with CooperCompanies for the commercialization of novel spectacle lens technologies to expand the myopia management category.
  • DigitalBridge’s DataBank acquires Houston-area data centers from CyrusOneJones Day advised DigitalBridge Group Inc.’s DataBank subsidiary in the $670 million acquisition of four existing data centers in the Houston, TX metro area from CyrusOne.
  • Riverside acquires ESHA ResearchJones Day represented The Riverside Company in connection with the acquisition of ESHA Research (ESHA), a provider of SaaS-based nutritional analysis, labeling compliance, and product formulation software.
  • Monster Beverage acquires CANarchyJones Day advised Monster Beverage Corporation in the $330 million acquisition of CANarchy Craft Brewery Collective LLC, a craft beer and hard seltzer company.
  • City of Hope acquires Cancer Treatment Centers of AmericaJones Day advised City of Hope, a world-renowned, National Cancer Institute (NCI)-designated comprehensive cancer research and treatment organization, in connection with its acquisition of Cancer Treatment Centers of America, a network of oncology hospitals and outpatient care centers across the United States.
  • Riverside portfolio company acquires AugusoftJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company Modern Campus of Augusoft, a SaaS leader in enrollment management for continuing and corporate education programs.
  • Riverside portfolio company acquires Transplant ConnectJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company inVita Healthcare Technologies of Transplant Connect, whose iTransplantSM software facilitates the donation, transplantation and research of human biologics (including organs, tissues, corneas and birth tissue).
  • GoEngineer completes recapitalization with Court Square Capital PartnersJones Day advised GoEngineer, a leading provider of 3D design and additive manufacturing solution, in connection with its recapitalization with Court Square Capital Partners.
  • Riverside acquires SolutaJones Day advised The Riverside Company in the acquisition and financing of Soluta, Inc. and Boon-Chapman Benefit Administrators, Inc. (Soluta BCBA).
  • PTTGC acquires allnex from AdventJones Day advised PTT Global Chemical Public Company Limited in the €4 billion acquisition of allnex Holding GmbH from Advent International.
  • Asbury Automotive Group acquires Larry H. Miller Dealerships and Total Care Auto for $3.2 billionJones Day advised Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., in its acquisition of Larry H. Miller Dealerships, and Total Care Auto, Powered by Landcar for $3.2 billion.
  • Arsenal Capital Partners' portfolio company acquires Mascoat Ltd. and Verdia, Inc.Jones Day advised Arsenal Capital Partners in the acquisition and financing by portfolio company Seal For Life Industries of Mascoat Ltd. and Verdia, Inc., both privately owned specialty industrial coatings companies.
  • Husqvarna acquires Orbit IrrigationJones Day advised Husqvarna AB on the acquisition of Lunar Holding Corporation ("Orbit Irrigation") for $480 million in cash.
  • 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