Sean Coffey

John P. ("Sean") Coffey is the co-founder and Managing Director of BlackRobe Capital, as well as a retired Navy Captain, former assistant U.S. Attorney, and former candidate for New York State Attorney General. He is most notable for leading the lawsuit against WorldCom on behalf of the New York State Common Retirement Fund and other plaintiffs. In the WorldCom case, Coffey and his team recovered over $6 billion from Wall Street banks and forced the responsible parties to personally pay millions of dollars in compensation. This led Bloomberg Markets to dub Coffey "Wall Street's New Nemesis." In late 2009, Coffey retired from his partnership at Bernstein Litowitz Berger & Grossmann to seek the Democratic nomination for New York State Attorney General in which he finished third out of five candidates. In 2011, Sean Coffey co-founded BlackRobe Capital Partners.

Personal background

Born in 1956 to Irish immigrant parents, Coffey is the oldest of seven children raised in the Bronx, Buffalo and Nassau County, New York. His father John, from County Kerry, was a union carpenter and his mother Mary, from Courtmacsherry, County Cork, was a homemaker. Coffey graduated from Long Island's Chaminade High School in 1974 and won an appointment to the United States Naval Academy, taking the oath of office as a midshipman at age 17. Graduating from Annapolis with merit and an ocean engineering degree in 1978, Coffey selected flight training and was named Honor Graduate of his Naval Flight Officer class. On active duty during the Cold War, Coffey flew as a P-3C Orion mission commander tracking Soviet nuclear submarines.[1]

After his initial squadron tour, Coffey was selected for shore assignments in Washington, D.C., as an action officer in the Strategy Division of the Joint Chiefs of Staff and the personal military assistant to then-Vice President George H.W. Bush. While stationed in Washington, Coffey attended Georgetown University Law Center at night, winning several academic awards (including best grades by a first-year evening student), serving as the sole evening-division editor of the Georgetown Law Journal and graduating magna cum laude in 1987.

Family background

Coffey is married to Anne Churchill, the daughter of a retired Navy captain and former actress whose credits include This is Spinal Tap. The Coffeys and their three children live in Westchester County, New York.

Associations

Coffey is a member of the Board of Visitors of the Georgetown University Law Center and Vice President of the United States Naval Academy Class of 1978. He served for several years as a director and campaign co-chair of The Community Fund of Bronxville, Eastchester, Tuckahoe, Inc., and was previously an Adjunct Professor of Law at Fordham University.[2] Coffey is a fan of the Yankees and Navy football. In May 2011, Council for Unity honored Sean and Anne Coffey, Earvin Johnson, Jr and Michael Mulgrew at their Annual "Champions for Children" dinner.[3] On October, 2012, Sean received the Paul R. Dean award from Georgetown Law School, where he is a member of the Georgetown Law board of visitors and teaches trial practice as an adjunct professor at the Law Center.[4] In November 2011, Sean was honored by the American Jewish Committee Westchester NY Chapter with the Learned Hand Award for achievement and ethics as a lawyer and dedication to human rights.<http://www.ajc.org/site/c.fmJZKhOWJfI6G/b.8505519/k.70CB/Judge_Learned_Hand_Award_Dinner__November_29th.htm>. In June 2012, Sean was honored by the Holocaust and Human Rights Education Center (headquartered in Westchester County NY) for his dedication to human rights and his service to the Center as a director.<http://www.holocausteducationctr.org/clientuploads/pdfs/HHREC-Benefit-4-23-13.pdf>.

In 1987, after resigning from active naval duty, Coffey returned to New York as a litigation associate with Paul Weiss Rifkind Wharton & Garrison. Coffey was appointed an Assistant U.S. Attorney in the Southern District of New York in 1991. As an Assistant United States Attorney, Coffey worked with federal, state and local law enforcement agencies prosecuting a wide variety of cases involving firearms, narcotics, business crime, bank fraud, and other major crimes. Coffey tried many cases to verdict.[1] In 1995, Coffey joined the law firm of Latham & Watkins where, as counsel and then partner, he defended Fortune 500 companies in many complex civil, regulatory, and criminal matters.

Bernstein Litowitz Berger & Grossmann

After several years as a corporate defense attorney, Coffey returned to pursuing corporate misconduct at the litigation firm of Bernstein Litowitz Berger & Grossmann, which represents many of the world's largest institutional investors, including New York State's Common Retirement Fund and Teachers' Retirement System and many Taft-Hartley union funds. During his eleven years at Bernstein Litowitz, Coffey led teams that recovered billions of dollars for victims of corporate fraud and won praise for achieving significant corporate governance improvements. Among Coffey's notable successes is his role in the WorldCom securities litigation, a case he took to trial in 2005 as lead attorney for thousands of investors, including the New York State Common Retirement Fund. Coffey and his team recovered over $6 billion from Wall Street banks and, in a historic first, required all outside directors and key wrongdoers to contribute millions of dollars from their personal funds.[5] Coffey was selected as one of the National Law Journal's "Winning Attorneys" of 2005, and was profiled by the American Lawyer, the Wall Street Journal, and Bloomberg Markets magazine, which dubbed him "Wall Street's New Nemesis."[6]

In 2002, as a result of the Baptist Foundation of Arizona's collapse, the largest non-profit bankruptcy in U.S. history, Coffey led a team in trial against auditing firm Arthur Andersen. Acting on behalf of victimized retired Baptist investors, Coffey and his team recovered a $217 million settlement, one of the largest amounts ever paid by an accounting firm.

After leaving active duty to pursue his legal career in New York, Coffey served in the Navy as a reservist for more than eighteen years. In addition to one or more weekends each month maintaining proficiency as a P-3C mission commander, Coffey carried out annual duty assignments including armed flights in support of the embargo of the former Yugoslavia and counter-narcotic patrols over Latin America and the Gulf of Mexico. Coffey was selected to command one of the Navy's elite reserve squadrons, Patrol Squadron 92 (the "Minutemen"), and was awarded the Meritorious Service Medal for his service as skipper from 1996 - 1998. Coffey was promoted to Captain and selected to command the reserve component of the Enterprise carrier battle group staff. He then was assigned as an IMA (Individual Mobilization Augmentee) for the Secretary of Defense in the Pentagon, concentrating on issues relating to the stresses imposed on reservists by the wars in Iraq and Afghanistan. Coffey retired from the Navy in 2004 after thirty years of service. His other military decorations include the Joint Service Commendation Medal, the National Defense Service Medal, and the Navy Pistol Expert Medal.

New York State Attorney General Race

In October 2009, Coffey retired from his partnership at Bernstein Litowitz to pursue the Democratic nomination for New York State Attorney General.[7] Although he had never before run for political office, Coffey reported that he had raised over $1.65 million in the first two months of his campaign.[8] The Wall Street Journal cited Coffey as one of the top three contenders for the position. Most of the money Coffey raised was not from Wall Street donors, but instead from fellow lawyers.[9]

As part of his campaign Coffey visited both Central and Western New York, meeting with prominent Democrats. In an interview with the Watertown Daily Times, Coffey stated that becoming Attorney General would be the capstone to his career.[10] His campaign goals included minimizing political corruption and finding a way to advocate for veterans.[11]

The primary for Attorney General was held on September 14, 2010, and the winner was Eric Schneiderman.

Coffey's other competitors included Richard Brodsky, Eric R. Dinallo, and Kathleen Rice.

BlackRobe Capital Partners

In 2011, Sean Coffey and Timothy Scrantom founded BlackRobe Capital Partners, a commercial claim investor based in New York City.[12] In April 2012, Michael Chepiga joined BlackRobe as a Managing Director.[13]

References
  1. "Bernstein Litowitz Berger & Grossmann LLP Welcomes John P. ("Sean") Coffey As Partner. " PR Newswire 7 December 1998 ABI/INFORM Dateline.
  2. "John 'Sean' Coffey ." Lawdragon. <http://www.lawdragon.com/index.php/lawdragon/lawyer_profile/?lawyer_id=96#>
  3. Council for Unity. "2011 Champions for Children Awards Dinner" <http://www.councilforunity.org/2011_gala.php>.
  4. Georgetown Law School. "Alumni to be honored with Paul Dean Award"
  5. "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2019-07-30. Cite uses generic title (help)
  6. Rovella, David. "Wall Street's New Nemesis." Bloomberg Markets Sep 2005.
  7. "Send Press Releases with GlobeNewswire". www.globenewswire.com. Retrieved 2019-07-30.
  8. http://www.nydailynews.com/blogs/dailypolitics/2010/01/165-m-for-would-be-ag-coffey.html
  9. Kelly, Kate (2010-01-23). "Sizing Up Wall Street Sheriffs". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-07-30.
  10. Seymour, Jude. "Coffey Looking to Cap Career with AG Spot." Watertown Daily Times'.' 9 Feb 2010. http://www.watertowndailytimes.com/article/20100209/BLOGS09/100209790
  11. "Wall Street Nemesis Coffey Pledges to Fight Corruption as AG." Niagara Falls Politics. 2 Feb 2010. http://niagarafallspolitics.com/?p=1003
  12. O'Connell, Vanessa (2011-10-03). "Funds Spring Up to Invest in High-Stakes Litigation". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-08-23.
  13. "Litigation Finance Start-up Snags Retired Simpson Thacher Partner". amlawdaily.typepad.com. Retrieved 2019-08-23.
  • Heller, Emily. "John P. Coffey and Max Berger: A good cop/bad cop dynamic scores big. " National Law Journal. 20 Jun 2005.
  • Longstreth, Andrew. "Breaking the Banks." The American Lawyer Dec 2005.
  • Longstreth, Andrew. "Taking Citi to School." The American Lawyer Dec 2004.
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