Lauren Ormsbee practices out of BLB&G's New York office, focusing on complex commercial and securities litigation.
Representing institutional and private investors in a variety of class and direct actions involving securities fraud and other fiduciary violations, she has successfully prosecuted multiple major litigations obtaining hundreds of millions of dollars in recoveries on behalf of the firm’s clients.
Recognized as a “500 Leading Plaintiff Financial Lawyer” by Lawdragon, Lauren 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 Wilmington Trust Securities Litigation, in which a $210 million recovery was obtained for Wilmington Trust investors; 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; Levy v. GT Advanced Technologies Inc., which resulted in a $36.7 million recovery for GTAT investors; 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.
A graduate of the University of Pennsylvania Law School, where she was an editor of the Law Review, following law school Lauren served as a law clerk for the Honorable Colleen McMahon of the Southern District of New York. Prior to joining the firm in 2007, she was a litigation associate at Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she had extensive experience in securities litigation and complex commercial litigation.
BLB&G partners John C. Browne and Lauren A. Ormsbee will build on their recent articles concerning the risks to alleging Section 11 liability posed to investors in new public companies through the unprecedented and potentially dangero...