November 13, 2007
The Bloomberg article "WorldCom Slayer Coffey May Be Shareholder Suit King," covers the current securities litigation landscape, profiling former partner Sean Coffey as emerging as the top lawyer in the securities litigation bar. With his Naval background and the tenacity to take cases to trial, Mr. Coffey has served as the lead trial attorney in two of the most notable fraud cases ever to go to trial - In re WorldCom Inc. Securities Litigation, which settled for a staggering $6.15 billion and BFA Liquidation Trust v. Arthur Andersen LLP, the largest non-profit bankruptcy in U.S. history, in which he obtained a $217 million settlement, one of the largest amounts ever paid by an accounting firm.
Mr. Coffey has earned the respect of even his adversaries, and the Bloomberg article notes that he is considered "one of the best plaintiffs' lawyers in the securities bar." Mr. Coffey credits his and the firm's success to an unwavering commitment to trial preparation. He recalls senior founding partner, Max Berger, describing the attorneys at the firm, stating "We're not pilgrims," to which Coffey responded "What's a pilgrim?" "Early settler," Berger answered. Mr. Coffey currently serves as court-appointed Lead Counsel representing investors in the Omnicom, HealthSouth, Merck, Refco, Delphi, and Converium litigations, and copyright holders in the Premier League v. YouTube class action.