Julie H. Firestone

Senior Counsel
Norton Rose Fulbright US LLP

United States
T:+1 612 321 2215
United States
T:+1 612 321 2215
Julie H. Firestone

Julie H. Firestone



Julie Firestone is a Senior Counsel in the Minneapolis office. Julie represents corporations, investment firms, broker-dealers, insurance companies, issuers of securities, registered representatives and insurance agents in class actions, regulatory proceedings and other adversary matters. Julie's litigation practice includes representing clients in securities litigation, shareholder derivative actions, and closely-held corporate disputes. She also focuses on regulatory compliance and customer complaints. Julie's legal experience includes matters involving securities fraud, breach of contract, common law fraud, RICO, breach of fiduciary duty, suitability, selling away and unauthorized trading.

Julie is the co-chair of the ABA Securities Litigation Committee.

Professional experience

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JD, University of Washington School of Law, 1997
BA, University of California, Berkeley, 1994

Julie is admitted to practice in Minnesota and Washington. She is also admitted into the U.S District Court of Minnesota, Eastern District of Michigan and the U.S. Court of Appeals for the 8th Circuit and 10th Circuit.

  • Minnesota State Bar
  • Defended class action against insurance company alleging fraud and statutory violations in the sales of indexed annuities.
  • Defended medical manufacturing company and directors in a shareholder derivative action, alleging misrepresentations in press release and public filings.
  • Represented broker-dealer in the successful defense of a class action, bankruptcy clawback and 250 arbitrations brought in Michigan arising out of a massive Ponzi scheme.
  • Defended insurance company in putative class action in which plaintiff alleged insurance company and its affiliates committed RICO conspiracy to falsely report their "shadow insurance" transactions to inflate the insurance company's financial condition. Obtained dismissal with prejudice on motion to dismiss before the district court, which held that claims were preempted by the McCarran-Ferguson Act. Dismissal was affirmed by the Eighth Circuit.
  • Arbitrations in which the arbitration panel granted summary dismissal of all claims, including fraud and securities laws violations, against the broker-dealer on statute of limitations grounds.
  • Action by the Department of Commerce against an insurance agent, alleging that the agent demonstrated untrustworthiness, financial irresponsibility and incompetence, in which the Department sought revocation of agent's license; after evidentiary hearing, Commissioner ruled that no discipline be imposed on the agent.
  • FINRA investigation of a registered representative, in which FINRA sought a suspension and fine, which concluded with a mere letter of caution and no suspension or fine.
  • Partnership dispute before the American Arbitration Association (AAA) on behalf of the claimant with no signed partnership agreement, which resulted in a six-figure award for the claimant.
  • FINRA arbitration on behalf of the broker-dealer against a former registered representative, in which the arbitration panel issued an award against the representative for all losses incurred by the broker dealer arising out of the representative's selling away activities, including recovery of all attorneys' fees.
  • Obtained dismissal with prejudice on statute of limitations grounds of claims that insurance company committed fraud and deceptive practices involving the churning of annuities, and successfully defended the dismissal on appeal before the Tenth Circuit.
  • Defended an insurance company in an action brought by the Minnesota Attorney General alleging that the sale of deferred annuities to seniors and other suspect classes was deceptive, violated consumer protection statues and the sales were not suitable.
  • Defended insurance company in actions brought in various different jurisdictions by individuals who failed to opt out of a class action. All of the actions were dismissed on Motion.
  • Lead counsel in the revision of an insurance manufacturer's revision of its suitability systems to comply with newly published and adopted regulations.
  • Represented an insurance company in an investigation by a state insurance commissioner, based upon a customer complaint regarding the sale of an equity-indexed universal life policy.
  • Represented insurance company in the successful defense and resolution of a class action comprised of 76,000 elderly customers who held $21 billion of fixed deferred annuities brought against the manufacturer and distributor of the annuities.
  • Represented insurance company in the successful dismissal and settlement of an action brought in Mississippi federal and state court involving alleged forgery by the insurance company's agent to obtain insurance proceeds.
  • Represented issuer of securities in the successful defense of a class action securities claim brought against a publicly traded company, its principals and its largest shareholder.

Julie also provides pro bono representation to disadvantaged and disabled persons who have been denied government services or been victimized in business disputes and to refugees seeking asylum in the United States. Julie has argued cases before the Minnesota Supreme Court and the United States Court of Appeals.

  • Attorney of the Year, Minnesota Lawyer, 2014
  • Minnesota Rising Star, Minnesota Super Lawyers
  • Minnesota State Bar Association, Member
  • The Fellows of the American Bar Foundation (ABF)
  • ABA Securities Litigation Committee, Co-chair (August 2017- Present)
  • ABA Securities Litigation Committee, Membership Subcommittee, Co-chair (2015-2017)
  • ABA Securities Litigation Committee, Securities Arbitration Subcommittee, Co-chair (2013-2015)
  • SEC Enforcement Subcommittee, Co-chair (2010-2013)