Luma S. Al-Shibib

Shareholder , New York

• 212-278-1048
• lal-shibib@andersonkill.com

Profile

Experience

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.
• Counseled law firm through claims submission process following Denial of Service attack, including formulating strategy and assisted with responses to insurance companies requests for information in order to avoid denial of coverage and obtain a full recovery.
• Assisted a number of private companies in fraudulent funds transfer claims under fidelity crime and stand-alone cyber policies for losses suffered from phishing and business email compromise schemes involving fraudulent wire transfer instructions.

Directors and Officers Liability

• Represented an investment management firm and private investment funds in litigation against primary and excess D&O policies and insurance broker and secured coverage for various underlying lawsuits.
• 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.

Other Matters

• Secured recoveries under a nationwide healthcare network’s primary and excess Errors and Omissions policies to fund defense and settlement of an underlying class action lawsuit.
• Represented a computer technology distributions company in successfully recovering 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 a water treatment company in litigation against its primary and excess CGL insurance companies and broker in connection with resulting from environmental contamination and property damage.
• Represented corporate policyholders in cases involving broker liability.

Speaking Engagements

Publications

News