ATTORNEYS AT LAW
CHICAGO LONDON NEW YORK PRINCETON

Theodore A. Boundas
Executive Principal

CHICAGO | LONDON
200 E. Randolph Dr., Suite 7200
Chicago, IL 60601
Phone: (312) 946-4210
Fax: (312) 946-4272
Email: tboundas@bswb.com
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Ted has spent more than 30 years specializing in the field of directors and officers, financial institutions, professional liability insurance, corporate governance and risk management. Ted has handled many of the most significant cases in the fields of professional and directors and officers liability insurance and also has written and spoken widely on those subjects throughout the world with notable speaking engagements throughout the U.S. as well as at international conferences in London, Tokyo, Bangkok and Manilla. During that time span he has litigated and mediated countless complex directors & officers, financial institutions and professional liability claims involving U.S. and worldwide exposures, many of them emanating from the U.S. savings and loan crisis, the U.S. recessions of the mid 70’s, early 80’s, 90’s, 2000’s and the Great Recession resulting from the U.S. sub prime and credit crisis.

He has authored a chapter in the book, The ART of Risk Management, by Christopher Culp, published by Wiley Finance in 2005, focusing on Alternative Risk Transfer, capital structure and the convergence of the insurance and capital markets. The chapter addresses the convergence of insurance and investment banking in connection with Representations and Warranties insurance and other insurance products designed to facilitate corporate transactions. It was reprinted in Structured Finance & Insurance, the ART of Managing Capital and Risk, also by Christopher Culp, published in 2006 by Wiley Finance. He has also authored Directors’ and Officers’ Insurance: A Digest of Cases (4th edition, 1995), as well as several articles in publications such as the Tort and Insurance Law Journal, Japan Insurance News and Review of Financial Services Regulation.

Ted has served as the Chair of the America Bar Association Subcommittee on Directors and Officers Insurance Coverage Litigation. He has also served on the Boards, of the Professional Liability Underwriting Society (PLUS), the insurance industry organization established to provide support and education in the field of professional liability, and the PLUS Foundation, the leading philanthropic force in the professional liability community. Ted is very proud that he was recognized with the prestigious PLUS1 Award by the Professional Liability Underwriting Society (PLUS) on November 14th 2005. The PLUS1 Award is presented to a person whose efforts have contributed substantially to the advancement and the image of the professional liability industry.



Practice Areas

Insurance Coverage
Litigation
Regulatory Insurance
Underwriting Consulting


Super Lawyers
Seriously Outstanding
only 5% selected each year

Other Publications

Spoke on "Lloyds and the London Insurance Markets," at the Practicing Law Institute, April 1999

Delivered "Handling the Complex D & O Claims Involving a Sick of Dying Corporate Insured: The Ramifications of Insolvency," at the PLUS International Conference in New York, New York, November 1999

Invited to moderate the PLUS International Conference in Palm Springs, California and spoke on professional liability in Latin America November 1998

Authored Directors' and Officers' Insurance: A Digest of Cases (4th Edition 1995)

"Directors' and Officers' Liability Coverage: Exclusion of Suits by Regulators," 23 Tort & Insurance L.J. 2869 1992 (co-author Robert L. Suomala)

"The U.S. Savings and Loan Rescue: Implications for D & O Insurance and the Liabilities of Directors, Officers and Affiliated Professionals," Part I and Part II, Japan Insurance News (1990)

Honors and Distinctions

Illinois Super Lawyers, Insurance Coverage, 2009, 2010, 2011.

Ted has also been recognized as an expert practitioner in Legal Media Group’s Guide to the World’s Leading Insurance & Reinsurance Lawyers. The Expert Guide series recognizes top practitioners in their field and is distributed throughout the insurance, reinsurance, and legal community. (2006)

AV Rated - Ted is very proud of having earned an AV Rating by Martindale-Hubbell Peer Review Rating. Ted has had that honor for over 18 years.


Admissions

Illinois, 1964

New York, 1993

U.S. District Court, Northern District of Illinois, 1964

U.S. Court of Appeals, 9th Circuit, 1988

U.S. Court of Appeals, 7th Circuit, 1973

Illinois Supreme Court, 1964


Education

J.D., Harvard University, 1964

B.A., Villanova University, 1961


Associations

American Bar Association

International Bar Association

Illinois Bar Association

Chicago Bar Association

New York State Bar Association

Asia Pacific Lawyers Association



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