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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 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, working with and examining expert witnesses on complicated financial, valuation and accounting issues and litigating matters that arise out of cross-border disputes and restructuring proceedings. Among other high profile financial fraud matters, Mr. Rand was responsible for the litigation actions brought against the 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
Representative Clients
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 Representing FHFA in its landmark RMBS litigation against JP Morgan, Deutsche Bank, Goldman Sachs, and other major banks arising from its Conservatorship for Fannie Mae and Freddie Mac. 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.
Obtained favorable settlements from strategic investor, management, auditor and others in connection with representation of the Refco Litigation Trust and Refco Private Actions Trust (successors to the bankruptcy estate of Refco Inc. and its subsidiaries and assignee of private creditor causes of action).
Representing well known hedge fund in connection with multi-billion dollar litigation against Porsche arising out of the October 2008 Volkswagen short squeeze.
Represented sovereign wealth fund in multi-billion dollar arbitration against worldwide financial institution involving mortgage-backed instruments.
Obtained favorable settlements from bank and auditor in connection with representation of note purchasers of bankrupt beverage manufacturer Le Nature's, Inc.
Represented 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 various actions 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 brought by a Creditors Committee arising out of the bankruptcy of Interliant, Inc., a publicly-traded technology company.
Represented high net worth individual in dispute with international bank concerning exotic currency options.
Represented a Florida homebuilder in billion dollar contract action.
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