Richard D.Milone

Partner

(T) + 1.202.879.7645

Richard Milone has represented policyholders in litigation, arbitrations, and negotiations with their insurers for more than 25 years. He has helped clients recover hundreds of millions of dollars in disputed insurance proceeds, involving a wide array of business liabilities and losses, including directors' and officers' liability, false advertising, asbestos and other toxic torts, event cancellation, cyber liability, False Claims Act, hazardous nuclear waste, and many others. In addition to his insurance recovery practice, Richard serves as outside general counsel to Vapiano, a German-based restaurant concept, with respect to its United States operations.

Richard has handled insurance claims involving a sitting U.S. president, a six-time Grammy Award winning musician, and several of the largest companies in the world. He is recognized by his peers in Best Lawyers in America. He has been ranked for six consecutive years in Chambers USA as a top policyholder lawyer, where clients have described him as "a fabulous lawyer" and "an expert in the field," and commented that "you feel that he is there to protect you, especially when dealing with insurers and their arsenal of lawyers." In addition to resolving claims for coverage, Richard frequently counsels clients on their purchase of commercial insurance.

Richard is a frequent writer and speaker on insurance-related topics. He also serves as treasurer and on the board of directors of the Great Falls Lacrosse Association and has coached youth lacrosse teams for many years.

Experience

Invenergy acquires multistate portfolio of renewable energy projects
Jones Day represented Invenergy Wind Development LLC in its purchase of a multistate portfolio of development-stage wind and solar energy generation projects.

Rockwood Equity Partners acquires Standard Bent Glass, LLC
Jones Day advised Rockwood Equity Partners LLC and its portfolio company, Ibis Tek, Inc., in the acquisition of Standard Bent Glass, LLC, a manufacturer and distributor of custom flat and bent glass products and transparent armor systems for the commercial and defense sectors.

The following represents experience acquired prior to joining Jones Day.

Insurance Recovery
Represented a six-time Grammy Award winning recording artist in a claim under a tour cancellation insurance policy with respect to a series of cancelled concert performances.

Represented a Fortune 500 company in an insurance claim for False Claims Act liability under the company's errors & omissions coverage.

Represented an international restaurant enterprise in a variety of insurance recovery matters involving coverage for copyright infringement, franchising liability, and Hurricane Sandy business interruption issues.

Represented a leading chemical company for 19 years, before several different courts and arbitration tribunals, seeking insurance coverage for the costs of defending numerous lead-based paint lawsuits, and in seeking a declaratory judgment regarding insurance coverage for a (now-reversed) public nuisance jury verdict on behalf of the State of Rhode Island.

Represented a Houston-based insulation and refractory contractor in a Texas state court insurance coverage action and in a bankruptcy proceeding that permanently resolved more than 25 years of asbestos bodily injury litigation.

Represented a major household goods manufacturer in the U.S. Court of Appeals for the Seventh Circuit on an issue of first impression involving employers' liability coverage for asbestos bodily injury liability.

Represented the chief risk officer of a multibillion dollar company that suffered substantial losses in the 2008 financial crisis in the pursuit of claims under the company's directors' & officers' insurance program.

Represented one of the world's largest telecommunications companies in the Southern District of New York, the U.S. Court of Appeals for the Second Circuit, and the U.S. Supreme Court, successfully litigating insurance coverage issues of first impression for a products liability lawsuit.

Successfully negotiated funding by an insurer of life-saving medications for an employee of the Arlington County, Virginia government suffering from AIDS.

Argued before the Delaware Supreme Court, sitting en banc, an issue of first impression involving conflicts of law between Delaware and Alabama on behalf of a §524(g) asbestos bankruptcy trust.

Represented a leading food company in insurance coverage litigation in Massachusetts federal court seeking coverage for a consumer class action and for a competitor's lawsuit alleging false advertising under Section 43(a) of the Lanham Act.

Represented one of the world's largest petroleum companies, over a 10-year period, before California state courts in one of the largest environmental insurance coverage actions in history, in California coverage litigation involving asbestos and other toxic torts, and in a series of international arbitrations seeking coverage for a settlement in an employment discrimination class action lawsuit.

Served as co-counsel to 300 claimants alleging that they contracted cancer as a result of exposure to waste from two nuclear power plants in Pennsylvania in the Babcock and Wilcox bankruptcy proceedings in New Orleans, Louisiana.

Obtained district court rulings of first impression on behalf of an insulation contractor regarding insurance broker malpractice in connection with the broker's failure to secure complete coverage for asbestos liabilities.

Commercial Litigation
Represented one of the world's largest chemical companies in creditor litigation relating to the bankruptcy of the Tribune Company.

Represented a leading health industry trade association in a Sherman Act Section 1 antitrust class action regarding the U.S. markets for critical medical treatments.

Represented a leading trade association in an action alleging defamation and false advertising in North Carolina federal court.

Represented a Chicago-based waste hauling company in New York federal court in connection with an industrial accident involving alleged traumatic brain injuries.

Speaking Engagements

  • May 12, 2016FFIEC Cybersecurity Assessment Tool Deep Dive Workshop, Mortgage Bankers Association
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