Sascha Rand is a partner in the New York office where his practice is focused on business tort and antitrust litigation in federal and state court and in arbitration. Mr. Rand also litigates complex matters involving issues of bankruptcy and intellectual property.
Mr. Rand has substantial experience litigating complex financial and commercial disputes. Among other high profile matters, Mr. Rand is currently representing the Federal Housing Finance Authority in its landmark actions against numerous financial institutions that has resulted in approximately $20 billion in recoveries and serves as one of the Court-appointed Lead Counsel in In re Interest Rates Swaps Antitrust Litigation, representing a proposed class of investors in interest rate swap, alleging that the major dealer banks conspired to prevent the development of competition in this market. Mr. Rand also recently served as one of the Court appointed lead counsel of the plaintiff class in In re Credit Default Swaps Antitrust Litigation which negotiated one of the largest antitrust class action settlements in history ($1.87 billion) and represented UMB in its capacity as indenture trustee of senior bonds issued by Caesars Entertainment Operating Corp. (CEOC) in its action seeking a court appointed receiver over CEOC and the return of billions in assets and value stripped from CEOC by its parent and management.
In past years, Mr. Rand has been responsible for multi-billion dollar litigation actions brought against banks, auditors and other professionals in Enron, Parmalat, and Refco. His clients include bankruptcy and litigation trustees, creditors, hedge funds, venture capital firms, fortune 500 companies and high net worth individuals.
Benchmark Litigation has repeatedly identified Mr. Rand as a New York Litigation Star and a National Bankruptcy Litigation Star.