Legality of the Leveraged Lending Guidance is Questioned
Limits on Creditors’ Remedies Against Solvent Debtors Echoed in the Quadrant Litigation
John P. “Sean” Coffey is an accomplished trial lawyer who handles some of the nation’s most high-profile securities and financial lawsuits on behalf of plaintiffs and defendants. Given his reputation as a “go to” trial lawyer, Mr. Coffey is often retained on the eve of trial to represent individuals and companies in high-stakes litigation, taking over the reins and providing experienced and effective courtroom advocacy on short notice. For example, Mr. Coffey was retained just weeks before trial to serve as co-counsel for Fabrice Tourre, the former Goldman Sachs trader accused of securities fraud by the Securities and Exchange Commission; he stepped in to take over the defense of a foreign company in an international arbitration nine days before the merits hearing; and he came aboard shortly before trial to help the Kramer Levin team try a complex merger contract dispute for client Johnson & Johnson that resulted in a $600 million settlement payment to Johnson & Johnson following closing arguments.
Mr. Coffey also offers corporate clients the “value add” of a big-law lawyer with more than a decade of experience as a respected former leader of the plaintiffs’ bar. Prior to joining Kramer Levin, as co-managing partner of one of the nation’s preeminent plaintiffs’ litigation firms (Bernstein Litowitz Berger & Grossmann LLP), Mr. Coffey led trial teams that obtained almost $10 billion in recoveries, including more than $6 billion in the landmark WorldCom case for the New York State Common Retirement Fund and other investors. Companies and corporate executives facing shareholder litigation find invaluable the exceptional insights he offers from the perspective of the lawyer once labeled “Wall Street’s New Nemesis” by Bloomberg Markets magazine.
Earlier in his career, Mr. Coffey served as an assistant United States attorney in the Southern District of New York, where he tried many jury cases to verdict. He also co-founded and served as managing director of a commercial litigation finance investment firm that evaluated scores of complex business disputes.
An Annapolis graduate, Mr. Coffey served as an active-duty naval officer tracking Soviet submarines during the Cold War and a junior officer intern at the Organization of the Joint Chiefs of Staff in the Pentagon (at which time he entered the four-year, evening J.D. program at Georgetown Law). Near the end of his first year of law school, Mr. Coffey was selected by the Navy and the White House to serve as the personal military assistant to Vice President George H.W. Bush. With the Vice President’s encouragement, then-Lt. Coffey continued his law studies while serving as Mr. Bush’s personal aide. After completing the evening J.D. program, Mr. Coffey left active duty and returned home to New York to pursue his legal career. While practicing law as a big-firm associate, assistant U.S. attorney and aspiring law partner, Mr. Coffey continued to serve as a reserve Navy officer. In his 18 years of reserve service, Mr. Coffey was selected to command a reserve P-3C Orion squadron (Patrol Squadron 92) and the reserve component of the USS Enterprise carrier battle group staff. Mr. Coffey retired as a captain in 2004 after 30 years of uniformed service. In 2010, Mr. Coffey ran a spirited but unsuccessful campaign as the reform candidate in the five-way race for the Democratic nomination for New York Attorney General.