Ray represents policyholders in complex insurance coverage disputes. Ray has obtained recoveries in excess of $100 million for a wide range of alleged liabilities and losses, including product liability/consumer class actions, data breach, patent and copyright infringement, antitrust injury, Fair Credit Reporting Act liability, pollution claims, securities fraud, and commercial disputes. Ray has considerable expertise in insurance for cyber liability and data breach. Ray has advised clients on matters involving commercial general liability (CGL), errors and omissions (E&O), directors and officers (D&O), first-party property, fidelity, and environmental policies, as well as other forms of insurance. Ray has counseled clients in negotiating D&O programs and endorsements. He also has advised clients on insurance issues related to M&A and real estate transactions.