James W. Johnson
OverviewJames W. Johnson focuses on complex securities fraud cases. In representing investors who have been victimized by securities fraud and breaches of fiduciary responsibility, Jim's advocacy has resulted in record recoveries for wronged investors. Currently, he is prosecuting high-profile cases against financial industry leader Goldman Sachs in In re Goldman Sachs Group, Inc. Securities Litigation, one of the largest biotechnology companies, Amgen, in In re Amgen Inc. Securities Litigation, and Facebook, the world’s most popular social network, in In re Facebook, Inc., IPO Securities and Derivative Litigation. In addition to his active caseload, Jim holds a variety of leadership positions within the Firm, including serving on the Firm’s Executive Committee and acting as the Firm’s Hiring Partner. He also serves as the Firm’s Executive Partner overseeing firmwide issues.
A recognized leader in his field, Jim has successfully litigated a number of complex securities and RICO class actions including: In re Bear Stearns Companies, Inc. Securities Litigation ($275 million settlement with Bear Stearns Companies, plus a $19.9 million settlement with Deloitte & Touche LLP, Bear Stearns’ outside auditor); In re HealthSouth Corp. Securities Litigation ($671 million settlement); Eastwood Enterprises LLC v. Farha et al. (WellCare Securities Litigation) ($200 million settlement); In re Vesta Insurance Group, Inc. Securities Litigation ($79 million settlement); In re Bristol Myers Squibb Co. Securities Litigation ($185 million settlement), in which the court also approved significant corporate governance reforms and recognized plaintiff's counsel as "extremely skilled and efficient"; and In re National Health Laboratories, Inc. Securities Litigation, which resulted in a recovery of $80 million in the federal action and a related state court derivative action.
In County of Suffolk v. Long Island Lighting Co., Jim represented the plaintiff in a RICO class action, securing a jury verdict after a two-month trial that resulted in a $400 million settlement. The Second Circuit quoted the trial judge, Honorable Jack B. Weinstein, as stating "counsel [has] done a superb job [and] tried this case as well as I have ever seen any case tried." On behalf of the Chugach Native Americans, he also assisted in prosecuting environmental damage claims resulting from the Exxon Valdez oil spill.
Jim is a member of the American Bar Association and the Association of the Bar of the City of New York, where he served on the Federal Courts Committee, and he is a Fellow in the Litigation Council of America.
Jim has received a rating of AV Preeminent from the publishers of the Martindale-Hubbell directory.