John Browne (Speaker)
John C. Browne’s practice focuses on the prosecution of securities fraud class actions. He represents the firm’s institutional investor clients in jurisdictions throughout the country and has been a member of the trial teams of some of the most high-profile securities fraud class actions in history.
John was Lead Counsel in the In re Citigroup, Inc. Bond Action Litigation, which resulted in a $730 million cash recovery – the second largest recovery ever achieved for a class of purchasers of debt securities. It is also the second largest civil settlement arising out of the subprime meltdown and financial crisis. John was also a member of the team representing the New York State Common Retirement Fund in In re WorldCom, Inc. Securities Litigation, which culminated in a five-week trial against Arthur Andersen LLP and a recovery for investors of over $6.19 billion – one of the largest securities fraud recoveries in history.
Other notable litigations in which John served as Lead Counsel on behalf of shareholders include In re Refco Securities Litigation, which resulted in a $407 million settlement; In re SCANA Corp. Securities Litigation, which settled for $192.5 million, the largest securities class action settlement in the District of South Carolina history; In re BNY Mellon Foreign Exchange Securities Litigation, which settled for $180 million; Medina v. Clovis Oncology, where John represented an Israeli institutional investor and recovered $142 million in cash and stock on behalf of the class; In re ComScore, Inc. Securities Litigation, which settled for $110 million in cash and stock; In re State Street Corporation Securities Litigation, which settled for $60 million; and In re the Reserve Fund Securities and Derivative Litigation, which settled for more than $54 million.
John also represents the firm’s institutional investor clients in the appellate courts across the country, arguing appeals in the First Circuit, Second Circuit, Third Circuit and the Fifth Circuit, and obtaining appellate reversals in In re Ariad Securities Litigation (First Circuit), In re Green Mountain Coffee Roasters (Second Circuit), and In re Amedisys Securities Litigation (Fifth Circuit).
In recognition of his achievements and legal excellence, Law360 has twice named John a “Class Action MVP” (one of only four litigators selected nationally), and he was named a “Litigation Trailblazer” by The National Law Journal. He is regularly named to lists of leading plaintiff lawyers by Lawdragon, Legal 500, and Thomson Reuters’ Super Lawyers.
Prior to joining BLB&G, John was an attorney at Latham & Watkins, where he had a wide range of experience in commercial litigation, including defending securities class actions, and representing major corporate clients in state and federal court litigations and arbitrations.
John has been a panelist at various continuing legal education programs offered by the American Law Institute (“ALI”) and has authored and co-authored numerous articles relating to securities litigation.
- Cornell Law School, J.D., 1998, Editor, Cornell Law Review
- James Madison University, B.A., Economics, 1994
- New York
- United States District Court for the Southern District of New York
- United States District Court for the District of Colorado
- United States Court of Appeals for the First Circuit
- United States Court of Appeals for the Second Circuit
- United States Court of Appeals for the Third Circuit
- United States Court of Appeals for the Fourth Circuit
- United States Court of Appeals for the Fifth Circuit
- United States Court of Appeals for the Seventh Circuit