Ms. Ormsbee practices out of the firm's New York office, focusing on complex commercial and securities litigation. She has prosecuted a variety of class and direct actions involving securities fraud and other fiduciary violations, obtaining hundreds of millions of dollars in recoveries on behalf of the firm’s institutional and private investor clients.
Ms. Ormsbee has been an integral part of trial teams in numerous major actions, including: In re HealthSouth Bondholder Litigation, which obtained $230 million for the HealthSouth bondholder Class; In re New Century Securities Litigation, which resulted in $125 million for its investors after the mortgage originator became one of the first casualties of the subprime crisis; In re State Street Corporation Securities Litigation, which obtained $60 million in the wake of a series of alleged misrepresentations about the company’s own internal portfolio; In re Ambac Financial Group Securities Litigation, which obtained $33 million from the now-bankrupt insurer; In re Altisource Portfolio Solutions, S.A. Securities Litigation, which obtained $32 million from the mortgage loan servicer; In re Goldman Sachs Mortgage Pass-Through Litigation, which obtained $26.6 million for the benefit of the class of RMBS purchasers; and Barron v. Union Bancaire Privée, which recovered $8.9 million on behalf of the class of investors harmed by investments with Bernard Madoff, among others.
Ms. Ormsbee graduated from the University of Pennsylvania Law School, where she was an editor of the Law Review. Following law school, she served as a law clerk for the Honorable Colleen McMahon of the Southern District of New York. Prior to joining the firm in 2007, Ms. Ormsbee was a litigation associate at Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she had extensive experience in securities litigation and complex commercial litigation.