Latest Financial Wins

$300+ Million Ponzi Scheme Recovery

Represented major bank in litigation to recover over $300 million in connection with Ponzi Scheme involving multiple bank employees.

$250 million SEC Claim

Represented a large foreign bank to recover insurance for case involving alleged securities law violations.

$100+ Million Financial Crime Loss

Litigated and recovered losses suffered by a large bank resulting from the activities of a mortgage origination and servicing company.

$100 Million Ponzi Scheme Claim

Litigating Ponzi Scheme insurance claim for director and officer related losses.

$90 Million Theft of Armored Car Company Cash

Litigated and settled bond case involving large scale fraud perpetrated by former business owners of an armored car company.

$38 Million Crypto Currency Cyber Loss

Litigated and settled coverage claims under a variety of different kinds of insurance policies including D&O, E&O, GL, and financial institution bonds.

$25 Million Private Equity Securities Fraud Claim

Represented Private Equity firm portfolio company to secure coverage for a $25 Million securities fraud lawsuit.

$10.6 Million Ransomware Attack

Settled ransomware claims for international private investment firm under a series of separate portfolio company cyber insurance policies.

$8 Million Financial Industry Trade Show Cancellation Insurance Claim

Settled event cancellation insurance claim for industry trade association.

CFBP Investigation

Negotiated D&O coverage for a CFPB investigation alleging abusive telemarketing practices and two related consumer lawsuits.

Hedge Fund Defense Coverage

Secured defense for officer and LLC under D&O policy against claims that clients permitted improper mutual fund trading arrangements.

Multi Million Recovery for Governmental Investigations

Recovered 7-figure settlement from D&O insurers for costs incurred by insureds to defend and resolve protracted parallel criminal and civil investigations by United States Attorney’s Office for the District of New Jersey, including costs of complying with far-reaching subpoenas.

Technology Company Securities Claim Settlement

Recovered 7-figure settlement for Russell 1000 information technology company under D&O tower for losses arising from defense and settlement of claims under Washington law by former stockholders alleging that company and its venture capital investors acted improperly in a tender offer and subsequent IPO. Case settled on very favorable terms after client prevailed on summary judgment in coverage litigation. Smartsheet, Inc. v. Fed. Ins. Co., 620 F. Supp. 3d 1149 (W.D. Wash. 2022).

Venture Fund Employment Claim

Obtained coverage under venture fund’s D&O policy and portfolio company’s separate D&O (EPLI) policy for costs incurred to defend and settle employment liability arbitration with portfolio company employee.