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DLA Piper LLP (US)

1251 AVENUE OF THE AMERICAS, NEW YORK, NY 10020-1104, USA
Tel:
Work +1 212 335 4500
Fax:
Fax +1 212 335 4501
Web:
www.dlapiper.com

Joseph Finnerty III

Tel:
Work +1 212 335 4800
Email:
Web:
www.dlapiper.com/en/us/people/f/finnerty-iii-joseph-g/
DLA Piper LLP (US)

Work Department

Insurance; Litigation, Arbitration and Investigations; Corporate and Securities Litigation; Capital Markets; Corporate; Finance; Real Estate; Insurance and Reinsurance Disputes

Position

Partner

Career

Joseph G. Finnerty III is a litigation partner who served as Chairman of the firm's New York Litigation Practice Group for eight years and Vice Chairman of the firm's US Litigation Practice Group for seven.

Joe concentrates his commercial litigation practice in business litigation, with a concentration in counselling and dispute resolution for leading insurance companies worldwide. Joe has been focused most recently upon representing M&A transaction liability insurers in disputes arising under representations and warranties insurance and litigation risk insurance, including managing, quantifying and resolving pre-dispute insurance claims for alleged losses arising out of M&A transactions. Joe also regularly litigates non-insurance M&A, fiduciary duty, fraud and securities law claims for public and private companies and their management.

Joe has also successfully represented an array of liability insurers in claims seeking insurance to cover disgorgement and restitution remedies, including obtaining a final judgment for the largest insurer of investment banks in litigation claims seeking coverage for more than US$300 million in SEC disgorgement and penalty orders.

Joe also led the successful defense of one of the world's largest insurance brokers in a consolidated class action MDL proceeding alleging the unlawful sale of cell phone replacement insurance and seeking the disgorgement of insurance premiums in excess of US$500 million. 

More broadly, Joe's insurance practice includes litigation, investigations and counselling in connection with the full range of potential disputed questions under private equity management liability insurance, directors and officers liability insurance, alternative risk transfer products, captive insurance programs, professional liability insurance, business interruption insurance, manuscript new product coverages and, of course, transaction liability insurance (including representations and warranties, litigation risk and tax opinion insurance).

Joe is committed on behalf of corporations and their managers to forming thoughtful, effective and lasting responses to the fluctuating liability exposure landscape. He is equally committed to DLA Piper's success in building a national and international law firm that provides the premium service and experience demanded by the most discriminating corporate executives.

Education

J.D., University if Maryland School of Law; B.A., Hamilton College


United States: Industry focus

Insurance: advice to insurers

Within: Insurance: advice to insurers

The 'deeply knowledgeable and business-conscious' New York insurance department at DLA Piper LLP (US) is 'one of the few practice groups that can provide outstanding legal advice with legitimate courtroom skills'. It focuses on claims relating to securities, asbestos, environmental issues, product liability, D&O, fraud, tort and transaction liability, as well as international disputes in the London and Hong Kong markets. Aidan McCormack advised Brit Insurance on a $64m professional liability insurance coverage and bad faith claim against Lloyd's and London Market insurers regarding an underlying legal malpractice claim. International business litigator Michael Murphy serves as global chair for insurance and reinsurance. Clients also recommend the 'unflappable and incredibly creative' Joseph Finnerty III, who counts Beazley among his clients, and 'consistently high performer' Megan Shea. The firm's New York office was also boosted by the relocation of global insurance sector co-chair PK Paran from London in early 2019.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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