Sascha N. Rand

Sascha N. Rand is a nationally recognized commercial litigator with a proven track record of securing exceptional results across a broad range of complex, high-stakes matters involving financial institutions and instruments, bankruptcy, antitrust, fintech and crypto, gas and energy, and hedge fund-related litigation. An experienced first-chair trial lawyer, Mr. Rand is Chair of Quinn Emanuel’s Financial Institution Litigation and Trial Practice. Mr. Rand, who most recently served as Special Counsel to John Ray and the FTX Debtors and Litigation Counsel to the FTX Recovery Trust, has been responsible for numerous multi-billion dollar litigation actions and recoveries on behalf of debtors, trustees, creditors, funds, class action litigants, and private litigants against banking institutions, financial institutions, private equity funds, auditors, and other professionals in numerous high-profile antitrust, restructuring, and complex commercial matters. Among other things, Mr. Rand played a leading role in the Enron, Parmalat, Refco, Lehman Brothers, Caesars, and FTX bankruptcies and recovery actions while at the same time serving as Court-appointed co-lead counsel in an array of precedent-setting antitrust cases including the In re Credit Default Swaps antitrust case (resulting in an antitrust class action settlement of $1.87 billion) and the In re Stock Lending antitrust case.

Mr. Rand has also been at the forefront of “busted deal” and force majeure litigation, including by forcing the closing of a $550 million acquisition after trial in the Delaware Chancery Court in Snow Phipps v. KCAKE and successfully handling numerous complex gas and energy matters arising out of Winter Storm Uri.

Mr. Rand also played a leading role in a wide variety of high-profile RMBS litigations, including by securing a $1.84 billion settlement for Ambac Assurance against Countrywide and Bank of America after five weeks of trial in New York Supreme Court, securing a $500 million RMBS settlement from Credit Suisse, trying a successful four-week jury trial on behalf of the ResCap Liquidating Trust, and representing the Federal Housing Finance Authority in its landmark RMBS securities actions and trial that collectively resulted in over $20 billion in recoveries for the U.S. Treasury.

Mr. Rand regularly works with the Brennan Center for Justice and the Legal Aid Society of New York on high-impact matters, including co-counseling with the Brennan Center in voting rights matters.

Mr. Rand has repeatedly been ranked by Lawdragon as one of the 500 Leading Complex Commercial Litigators in the U.S., one of the 500 Leading Plaintiff Financial Litigators in the U.S., a Leading Antitrust Litigator, and a Leading Restructuring Litigator. Benchmark Litigation has consistently identified Mr. Rand as a New York Litigation Star, a National Bankruptcy Litigation Star, and a National Practice Area Star. Mr. Rand has also been recognized in “Best Lawyers in America” for his work in Creditor and Debtor Rights, Insolvency and Reorganization law.