Ommid C. Farashahi is a member of the Management Committee at BatesCarey and Chair of the firm’s Professional Liability Coverage Group. He has built a national reputation representing insurers in complex Directors and Officers (D&O), Errors and Omissions (E&O), and Employment Practices Liability (EPL) coverage disputes, including securities class actions, derivative actions, regulatory investigations and proceedings, and employment-related litigation. Ommid also handles a wide range of managed care and healthcare matters involving general liability (GL), D&O, E&O, EPL, fiduciary, and cyber exposures arising from healthcare providers and facilities.
His clients include primary and excess insurers facing consequential professional liability exposures. His track record spans major D&O and E&O exposures tied to the credit crisis, subprime meltdown, stock options backdating, mutual fund scandal, contingent commissions, analyst conflicts, initial public offering (IPO) laddering, and contingent commissions, as well as EPL matters involving race and gender discrimination class actions and Fair Labor Standards Act (FLSA) collective actions. Ommid also counsels insurers on coverage issues arising from domestic and international litigation and arbitrations.
Beyond active litigation, Ommid regularly presents at in-house seminars on claims, underwriting, policy drafting, new product development, and topical issues concerning the insurance community. He is Vice-Chair of the ABA TIPS Professionals’ Officers’ and Directors’ Liability Committee.
Chambers USA consistently recognizes him as a leading coverage practitioner, describing him as “a preeminent authority representing insurers in complex litigation relating to a broad range of coverage disputes” with particular strength in handling professional liability claims. In 2019, Crain’s Chicago Business named him a Gen X Notable Leader in the Law.
Ranked in Chambers USA for Insurance: Dispute Resolution: Insurer Illinois (2018-Present)
Recognized in The Best Lawyers® in America, Insurance Law (2022-Present)
Listed in Illinois Super Lawyers (2022-Present)
Named to Crain’s Chicago Business, Notable Gen X Leaders in Law (2019)
AXIS Surplus Ins. Co. v. Geringer, Case No. 14-cv-00244 (D. Utah) Represented U.S. insurer in interpleader action over competing claims for amounts in excess of Side A D&O policy limits.
XL Specialty Insurance Company v. WMI Liquidating Trust, Case No. 499, 2013 (Del. Supr. Ct.) Defended U.S. insurer in declaratory judgment action seeking coverage under excess Side A D&O Policy.
Kruise v. Bloom Companies, LLC, Case No. 10-18726 (Wisc. Cir. Ct., Milwaukee) Defended U.S. architects and engineers insurer in direct action lawsuit.
Martin Resource Management Corporation v. Zurich American Insurance Company, Case No. 12-758 (E.D. Tex.) Defended U.S. insurer in breach of contract and bad faith action seeking coverage under excess private D&O policy.
Great American Insurance Company v. Sea Shepherd Conservation Society, Case No. 13-1017 (W.D. Wash.) Filed declaratory judgment action on behalf of U.S. insurer seeking a finding of no coverage under primary nonprofit D&O policy.
Carlyle Investment Management, Inc. v. ACE American Insurance Company, Case No. 13-CA-3190 (D.C. Super. Ct.) Defended two U.S. insurers in declaratory judgment and breach of contract action seeking coverage under excess E&O policies.
Troy Lillie v. Stanford Trust Company, Case No. 13-3127 (N.D. Tex.) Defended Bermudian excess E&O insurer in direct action lawsuit.
XL Specialty Insurance Company v. Michael W. Perry, Case No. 11-2078 (C.D. Cal) Filed declaratory judgment action on behalf of U.S. insurer seeking a finding of no coverage under Side A D&O policy.
YRC Worldwide, Inc. v. XL Insurance (Bermuda) Ltd., Case No. 11-cv-2534 (D. Kan.) Defended Bermudian insurer in a declaratory judgment and breach of contract action seeking coverage under an EPL policy.
Gastar Exploration Ltd. v. U.S. Specialty Insurance Company, Cause No. 2010-11236 (Tex. Dist. Ct.) Defended U.S. insurer in a declaratory judgment and breach of contract action seeking coverage under a D&O policy and obtained summary judgment based on interrelationship of claims provision.
Princeton Eagle West Insurance Company Limited v. HSBC Finance Corp., Case No. 10 CH 17094 (Ill. Ch. Ct.) Filed declaratory judgment action on behalf of Bermudian insurer seeking a finding of no coverage under D&O policy based on prior made claim exclusion.
AXIS Reinsurance Company v. GeoStar Corp., Case No. 09-cv-12608 (E.D. Mich.) Filed declaratory judgment action on behalf of U.S. insurer seeking to rescind D&O policy.
Allied World National Assurance Company v. James A. Knight, Case No. 09 CH 27403 (Ill. Ch. Ct.) Filed declaratory judgment action on behalf of U.S. insurer seeking a finding of no coverage under primary D&O policy.
J.P. Morgan Securities Inc. v. Vigilant Ins. Co., Index No. 600979/09 (N.Y. Sup. Ct.) Defended U.S. insurer in declaratory judgment action seeking coverage under Financial Institution E&O policy.
TOUSA, Inc. v. Federal Ins. Co., 09-02281 (S.D. Fla.) Defended Bermudian insurer in declaratory judgment action seeking coverage under Side A D&O policy.
Aon Corp. v. Certain Underwriters at Lloyd’s of London, Case No. 06 CH 16852 (Ill. Ch. Ct.) Defended London insurer in declaratory judgment action seeking coverage under Insurance Broker E&O policy.
Frank Andrew Dunn v. Chubb Insurance Company of Canada, Case No. 5043/06 (Ontario Super. Ct.) Defended Bermudian and U.S. insurers in declaratory judgment action seeking coverage under D&O policies.
Prudential Equity Group LLC v. Chubb Custom Ins. Co., Civil Action No. 06C092-016 JRS (Del. Ch. Ct.) Defended U.S. insurer in declaratory judgment action seeking coverage under Financial Institution E&O policy.
Great Lakes Reinsurance (UK) PLC v. HealthSouth Corp., CV-03-BE-1139-S (N.D. Ala.) Filed declaratory judgment action on behalf of London insurer seeking to rescind D&O policy.