Craig M.Hirsch

Of Counsel

(T) 1.213.243.2803

Craig Hirsch represents companies, directors, and officers in coverage litigation and claims disputes with their insurance companies involving multimillion dollar financial lines and third-party liability policies. Since 2004, his claims advocacy work for D&O policyholders has produced significant insurance recoveries for economic losses resulting from underlying securities class actions, shareholder derivative lawsuits, regulatory investigations, and adversary proceedings in bankruptcy and out-of-court restructurings. Craig's practice focuses on recovery efforts targeting D&O, private equity, and asset management insurance policies and the analysis of D&O coverage programs insuring publicly traded and privately held organizations. Craig also has substantial multi-insurer, multi-claimant coverage litigation experience arising from commercial general liability policies for "long tail" toxic tort lawsuits alleging nine-figure bodily injury and property damage losses.

Beyond his litigation practice, Craig routinely advises clients' board of directors, chief financial officer, general counsel, or risk manager on complex coverage issues stemming from D&O, E&O, cyber risks, employment practices liability, fiduciary liability, and financial institution bond (crime) policies and competing interpretations of policy language under the law of various American jurisdictions. Representative clients include Fortune 500 companies, information technology providers, social media platforms, manufacturers, "unicorn" start-ups, large investment and venture capital funds, regional banks, foreign entities, and government and municipal entities.

Craig writes and speaks frequently on topical D&O and financial line claims and underwriting issues from a legal and business perspective. He is consistently recognized by Southern California Super Lawyers as a "Rising Star." Craig is a member of The Risk Management Society and the American Bar Association.

Experience

Los Angeles associates head to court to clear title to clients' homes
During the recent financial crisis, the economic vulnerability of many lower income homeowners made them easy targets for loan modification and home equity fraud.

Los Angeles associates resolve clients' cases by "quieting title" to their homes
Under the supervision of Phil Cook (Los Angeles), and in partnership with Public Counsel, the nation's largest public interest law firm, Los Angeles associates Craig Hirsch, Stephen Ng and Jessica Sawyer have resolved three separate clients' cases by "quieting title" to their homes and restoring the peace of mind that comes from ridding those properties from deeds placed by mortgage fraud.

Additional Publications

  • May 2008D&O Insurance 'Catch 22s': Recent Developments Relating to Derivative Actions, Special Litigation Committee Costs, and Other Impediments to Settlement, PLI, Insurance Coverage 2008: Claims. Trends Litigation Conference
  • July 2007Making Sure Liability Policy Claims Are Paid, American Banker
  • May 2007Insurance Coverage for Internal Investigations, Financial Week
  • May 2007Subprime Lending Litigation and Investigations: Insuring Against the Costs, Complinet
  • May 2007Watching the Detectives: 0&0 Insurers Have Plenty of Excuses for Not Covering Costs from Shareholder Lawsuits. Here's How to Counter Them, Financial Week

Speaking Engagements

  • January 2018Bad Faith Claims When Verdicts Exceed Policy Limits: Navigating Nuances of the Insurer’s Duty to Settle, Strafford Publications Webinar
  • January 2017Maximizing D&O Insurance Coverage: The Evolving Needs from Start-Up to Publicly Traded Company
  • January 24, 2013The Ethical Use of Social Media and Issues Relating to BYOD Programs, Jones Day MCLE University
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