Ethan D. Lenz is a partner and business lawyer with Foley & Lardner LLP and serves as chair of the firm’s Insurance Practice. Mr. Lenz’s practice focuses on providing risk management and insurance coverage-related advice to many of the firm’s commercial clients, including advice relative to the negotiation and structure of directors and officers liability insurance programs, and a wide variety of other commercial/professional insurance programs.
He also provides counseling on insurance regulatory and insurance producer licensing matters for the firm’s insurance industry clients. He is a member of the Insurance and Health Care Industry Teams, as well as the Insurance and Reinsurance Litigation Practice.
Mr. Lenz’s recent representations include advising the Ricketts family on insurance coverage and risk management-related issues involved in the acquisition of the Chicago Cubs Major League Baseball Club, and advising the Chuck Greenberg/Nolan Ryan team on various insurance issues in connection with the successful purchase of the Texas Rangers Major League Baseball Club.
Mr. Lenz is a graduate of the University of Minnesota (J.D., magna cum laude, 1996) and the University of Wisconsin – Madison (B.B.A., with distinction, 1991), majoring in risk management and insurance.
He has also earned the Chartered Property Casualty Underwriter (CPCU) designation from the American Institute for CPCU. He was a member of the legal staff of Northwestern Mutual Life Insurance Company for a brief period, prior to returning to practice at Foley & Lardner.
Admissions and Professional Memberships :
Mr. Lenz is admitted to practice in Wisconsin and in the U.S. District Court, Western District of Wisconsin. He is a member of the State Bar of Wisconsin, the American Bar Association (Business Law and Administrative Law & Regulatory Practice sections) and the Milwaukee Bar Association.
Representative Matters :
- Foley led the acquisition of a controlling interest in the iconic Chicago Cubs franchise, including ownership in Chicago’s regional sports network and Wrigley Field, in the then single largest transaction ever for a North American sports franchise.
- Spanning 2.5 years and involving more than 30 attorneys from seven offices, our work in this multifaceted deal successfully traversed league approval, financing challenges, and resolved complex tax, corporate, bankruptcy, real estate, environmental, and broadcasting issues.
- Foley led the Ricketts family through the lengthy and competitive bidding process, negotiations over terms of a complex leveraged partnership, the restructuring of Cubs media contracts, and two separate bankruptcy proceedings.
- This complex deal required an exceptional combination of mergers and acquisition experience with specific sports-industry knowledge. Foley’s team members not only had to have a strong background in their individual practices, but also a thorough knowledge of sports franchise issues, such as league rules, operational issues, and revenue sharing.
- Our long-standing relationship with MLB and sports bankers, our extensive experience with notable MLB deals, and our prior representation of the Ricketts family allowed us to seamlessly integrate our inside view of the sports industry into a deal that allowed our client to be successful.
- A team of Foley lawyers represented New York private equity firm Clayton Dubilier & Rice in conducting the health regulatory due diligence and advising in connection with a $910 million deal to take Healogics Holding Corp., the largest advanced wound care services provider in the U.S., from Metalmark Capital and Scale Venture Partners.
- Counseled a UK-based international insurance company in respect of the comprehensive regulatory requirements that would need to be met in each of 51 U.S. jurisdictions for purposes of engaging in the surplus lines markets in those jurisdictions.
- Led a team in the development of a 50-State Survey covering all aspects of Service Warranty regulation for a large retail consumer client with stores in all U.S. states. The survey covered all aspects of compliance with initial and ongoing licensing, sales force regulation and form/rate regulation.
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