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Biography
Sascha Rand is a partner in the New York office where his practice is focused on complex financial fraud and business tort litigation in both state and federal courts and in arbitration. He also has experience with litigating matters involving issues of bankruptcy, intellectual property and antitrust.
Mr. Rand joined the firm after practicing in the New York office of Weil, Gotshal & Manges LLP where he was responsible for day to day management of litigation arising out of both the Enron and Parmalat bankruptcy proceedings. He has substantial experience litigating complex financial and commercial disputes, including multi district litigation actions, working with and examining expert witnesses on complicated financial and accounting issues and litigating matters that arise out of domestic and cross-border restructuring proceedings. His clients include bankruptcy and litigation trustees, creditors, hedge funds, venture capital firms, fortune 500 companies and high net worth individuals.
He has been identified as a New York Litigation Star and a National Bankruptcy Litigation Star by Benchmark Litigation.
Representative Clients
AIG
Appaloosa Management L.P.
Board of Directors of Interliant, Inc.
Elliott Associates L.P.
Fortelus
Le-Nature's, Inc. Bondholders
MH Davidson & Co.
Mobius Venture Capital
Refco Litigation Trustee
Technical Olympic
Notable Representations
Obtained a $2.1 billion settlement in favor of Yosemite Trusts and investors resolving contract and fraud claims against Citibank and Enron relating to Enron credit-linked notes.
Representing the Refco Litigation Trust, as successor to the bankruptcy estate of Refco Inc. and its subsidiaries, and Refco Private Actions Trust, as assignee of private causes of action held by customers of the defunct broker-dealer. We serve as lead litigation counsel in actions against several banks, as well as Refco's officers, directors, and professional advisors, seeking damages in excess of $2 billion for fraud, breach of fiduciary duty, aiding and abetting, and professional malpractice arising from accounting fraud.
Representing purchasers of notes of bankrupt beverage manufacturer Le Nature's, Inc. in litigation against initial purchaser bank and accounting firm alleging fraud. Case is currently in pre-trial phase.
Representing a leading mutual fund in a $40 million action against Citibank brought under the Pennsylvania Securities Act relating to Enron credit-linked notes.
Representing Dr. Enrico Bondi, Extraordinary Commissioner of Parmalat S.P.A in three separate $10 billion lawsuits arising out of the largest bankruptcy in European history against various financial institutions and accounting firms, for aiding and abetting Parmalat's insiders in the commission of massive fraud and for auditor malfeasance.
Represented the former officers and directors and various investors in litigation in bankruptcy court brought by a Creditors Committee arising out of the bankruptcy of Interliant, Inc., a publicly-traded technology company.
Representing high net worth individual in dispute with international bank concerning exotic currency options.
Representing a Florida homebuilder in billion dollar contract action.
