Skip to main content

Christopher A. Lisy

Member

[email protected]

+1.617.348.1790

Share:

Chris has more than two decades of counseling and trial experience in the technology, financial services, and health care industries. He advises clients on data protection and security and the enforcement of data, intellectual property, and contractual rights. This includes assisting clients in investigating and addressing cybersecurity events and data breaches, and the litigation that often follows. His technology work includes matters involving artificial intelligence, cyberattacks, data scraping, proprietary and open source computer code, virtual reality, and commercial software products in the storage, database, and planning and scheduling areas.

As a litigator, Chris has achieved notable success in the courtroom. He has obtained numerous favorable outcomes for clients in “bet the company” representations across the country, including those involving cutting-edge technology and assets where the amounts in controversy have exceeded billions of dollars. Chris also litigates data theft, trade secret, and non-compete issues in Massachusetts state and federal courts. He has obtained — and also defeated — numerous preliminary and permanent injunctions involving trade secrets and proprietary business information.

Chris is also a trusted advisor to some of the largest global financial services and insurance organizations, and their directors and officers. A significant portion of Chris’s practice involves advising insurance companies and asset managers on issues specific to their industries. This often involves defending those clients in complex litigation and class actions with shareholders, policy owners, and agents. Chris has particular depth of experience with many insurance products, including cyber insurance policies, bank-owned life insurance products, and universal life insurance products, and with reinsurance arrangements, underwriting and reserving practices, financial reporting, and the economic performance of insurance entities. 

As an adjunct to his litigation practice, Chris is also regularly called on to advise companies on litigation risk, indemnification arrangements, and other issues related to mergers and acquisitions in the technology and financial services industries.

Experience

Chris has experience in a wide range of data, technology, and financial services matters, including representing:

Data and Technology (Disputes and Advisory)

  • A health care organization in responding to and remediating a cyber event, including representing the organization in several related purported class actions alleging negligence, statutory violations, and other claims.
  • A public company in containing and remediating a social engineering attack that siphoned payroll funds to fraudulent bank accounts.
  • A health care artificial intelligence company with respect to the licensing and use issues for its AI technology.
  • A cloud e-commerce platform in a privacy class action concerning multiple cybersecurity events involving the alleged theft and misuse of credit card data.
  • An online retailer against alleged violations of the California Invasion of Privacy Act relating to website tracking software.
  • An online auction house in connection with an evaluation of alleged data scraping and unfair competition arising from the use of automated bots to gather competitive information.
  • A publicly traded company in federal court litigation involving the alleged misappropriation of trade secrets concerning the company’s clean energy technology.
  • A financial planning company in connection with the departure of key personnel and alleged violations of state law and contractual obligations.
  • A lending company in multi-jurisdictional litigation involving the alleged misappropriation of trade secrets in connection with mortgage software and technology.
  • The chairperson of a board of trustees in an internal investigation concerning allegations of lack of cybersecurity controls and financial misconduct.
  • A renewable energy company in the development and implementation of internal policies and procedures to protect proprietary intellectual property.
  • A global, publicly traded technology company in contractual disputes involving the construction of an energy storage facility.
  • A publicly traded company in litigation with a supply partner over the provision of materials to manufacture clean energy technology.
  • A global technology company in developing data privacy and security policies to reflect privacy obligations and to respond to disputes, investigations, and compliance risk.
  • A software developer in federal court litigation defending allegations of copyright infringement and trade secret misappropriation in connection with the development of database management software.

 

Financial Services and Insurance (Disputes and Advisory)

  • A specialty lines insurance company in litigation with a former managing general agent over non-compliance with underwriting guidelines.
  • A health care organization in navigating cyber insurance issues following a security event.
  • A publicly traded insurer with respect to alleged breaches of fiduciary duties by a corporate executive.
  • A reinsurer in a class action involving variable universal life insurance policies and changes to the policies’ cost of insurance charges.
  • A global systematically important bank (G-SIB) with respect to issues related to bank-owned life insurance policies.
  • An international bank with respect to issues related to bank-owned life insurance policies, including surrender, reallocation, and write-down issues.
  • A mortgage broker to assess and strengthen the company’s insurance portfolio, with a focus on directors’ and officers’ insurance.
  • A health care communications company in navigating cyber insurance issues following a potential security event.
  • A publicly traded insurer in an employee-raiding matter involving one of the largest business units at the organization.
  • A global electronics company in evaluating the efficacy and scope of its insurance portfolio.
  • An international entertainment firm in connection with its acquisition of a music catalog and associated commercial insurance issues, including change of control implications.

 

Trial and Arbitrations

  • Obtained a $500 million jury verdict in a case involving virtual reality intellectual property in the Northern District of Texas on behalf of a video game company. The verdict was at the time among the largest awarded for claims involving copyrights, trademarks, or trade secrets.

  • Successfully defended one of the world’s largest asset managers in a federal district court trial in New Jersey, defeating a $1.55 billion excessive fee claim brought under Section 36(b) of the Investment Company Act. 

  • Represented a global financial services firm in a multiday, multiparty arbitration in consolidated litigation arising from alleged fraud and contract breaches concerning one of the organization’s largest portfolio assets, valued well in excess of $1 billion. 

  • Secured a multimillion-dollar jury verdict and damages award, along with a permanent injunction for copyright infringement and trade secret misappropriation, on behalf of a technology company in the Southern District of Texas.

Read less

Publications

  • Co-author, “Considerations in Machine Learning–Led Programmatic Underwriting,” Rail” The Journal of Robotics, Artificial Intelligence & Law (May 2021)
  • Co-author, “SJC: volunteer directors enjoy immunity from suit,” Massachusetts Lawyers Weekly (March 2020)
  • Co-author, “Figuring Out if You Are ‘Doing Business’ in California Under the CCPA,” Bloomberg Law (February 2020)
Read less

Recognition & Awards

  • Best Lawyers in America: Privacy and Data Security Law (2024)

Read less