Luma S. Al-Shibib

Cyber-Related Losses

• Secured multi-million dollar settlements under a tower of primary and excess cyber liability policies and first-party “all risk” policies for losses incurred by a resorts and casino operator as a result of a cyberattack, including costs for forensic investigation, data recovery, property damage, and business interruption, among others. 
• Assisted a law firm in securing coverage under its primary cyber liability policy for a ransomware attack.
• Successfully reversed an insurance company’s denial of coverage and obtained a pre-litigation recovery under a cyber liability policy for a manufacturing company’s multi-million dollar losses from a ransomware attack.
• Assisted a number of private companies in fraudulent funds transfer claims under fidelity crime policies for losses suffered from phishing schemes involving fraudulent wire transfer instructions.

Directors and Officers Liability

• Represented a manufacturing company in attaining a multi-million dollar recovery in litigation against its D&O liability carrier and its insurance broker for defense costs incurred in an underlying shareholder action.
• Assisted a pharmaceutical company in securing a recovery from its primary and excess D&O carriers for defense and indemnity losses incurred by the company and its officers in an action brought by a competitor.
• Represented a wealth management advisory firm in an action seeking D&O coverage for costs related to a federal securities investigation.
• Successfully procured defense costs coverage under a D&O policy for a corporate director in a criminal action.
• Obtained D&O coverage for a retailer in connection with defense and indemnity liability in a class action lawsuit alleging violations of the TCPA.

Other Matters

• Represented a computer technology distributions company in seeking to recover for losses sustained from a theft of computer and cybersecurity products under a fidelity crime policy.
• Represented an electronics manufacturer in an action against several of its CGL insurers concerning long tail environmental liability claims.
• Secured settlements for a construction general contractor under builders risk policies, contractor-controlled insurance program policies, and CGL policies.
• Represented corporate policyholders in cases involving broker liability.