Sascha Rand is a partner in the New York office where his practice is focused on complex financial fraud and business tort litigation in federal and state court and in arbitration. Mr. Rand also litigates complex matters involving issues of bankruptcy, antitrust and intellectual property.
Mr. Rand has substantial experience litigating complex financial and commercial disputes including multi-district litigation actions and matters arising out of cross-border disputes and restructuring proceedings. Among other high profile financial fraud and business tort 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, serving as Court-appointed co-lead class counsel in a multi-billion dollar class action pending in the SDNY alleging that over a dozen financial institutions conspired to prevent the development of competition in the market for credit default swaps, and representing 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.