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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:
DLA Piper LLP (US)

Work Department

Insurance

Position

Partner

Career

Joe's insurance practice includes litigation, investigations and counseling in connection with financial institutions liability, directors and officers liability, M&A insurance (including representations and warranties and tax opinion insurance), alternative risk transfer products, captive insurance programs, professional liability, business interruption and manuscripted new product coverages. He has represented the industry's leading liability insurance carriers, including The Chubb Group, AIG, Zurich Financial, St. Paul Travelers, Beazley, The Hartford and CNA Insurance Companies, as well as various Lloyd's syndicates and London underwriters, among many others.   

He concentrates his commercial litigation practice in business and corporate governance litigation, and counseling and litigation for leading insurance companies worldwide. Joe defends public and private companies and their management in M&A, fiduciary duty, fraud and securities law claims, and he frequently represents leading insurers in significant D&O, financial institutions and M&A coverage disputes. Joe has significant experience in class action litigation arising out of the Alien Tort Claims Act.

Education

JD, University if Maryland School of Law; BA Hamilton College


United States: Industry focus

Insurance: advice to insurers

Within: Insurance: advice to insurers

The ‘highly skilled’ New York-based team at DLA Piper LLP (US) provides a ‘high level of service and professionalism’ and is experienced in litigating and arbitrating large scale insurance and reinsurance industry disputes. Michael Murphy is the global chair of insurance and reinsurance, while the ‘solutions-orientedAidan McCormack, who is the North America chair of insurance and reinsurance, is ‘attentive and responsive’ to clients. McCormack is representing Brit Insurance in a bad faith and coverage litigation and arbitration case across California, Washington DC and London, arising from a $64m judgment in an underlying professional liability claim. Joseph Finnerty is representing Beazley in appellate litigation brought by plaintiffs who received an assignment of claims under a D&O policy that the client issued to a subprime mortgage lender. Chubb, AIG, Munich Re and AON are also clients. Mark Deckman, who is ‘outstanding’, Shand Stephens, Richard Hans, Megan Shea Harwick, Neal Kronley and David Luce are key contacts. Named lawyers are based in New York.

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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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